Any program which accelerates the consumption of value, or worse, the destruction of value, ultimately make our society poorer.
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Yes, the actions that led to the financial crisis did not lead to restatements, far worse, they led to massive, and, in some cases, permanent , destruction of value.
What a terrible destruction of value.
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Our editorial counsel Kai Falkenberg, who has started blogging for us as well as keeping us from losing lawsuits, has plans to begin tracking how the beat cops of the business world, the SEC and the Dept. of Justice, succeed at this mission of pinning responsibility for wrongdoing and destruction of shareholder value where it belongs: on the executives, not the companies they run so poorly.
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Carol and the rest of her team need to answer for the terrible destruction in value of Yahoo!
But history has shown over and over again the value of creative destruction and disruptive innovation.
Will you say that living in a world where individuals not only want to protect their property from thieves, but also from the environment (such as fires), is a lesser value than the destruction of it (the purpose of firefighters)?
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And one thing I just want to be clear on is we actually believe in the creative destruction of markets as well when the net value for the poor is positive.
For example, even though a Nuke would cause ninety billion dollars in destruction the probability of this type of attack is so low that it creates a vector value below the benchmark needed to consider it a daily threat.
Put simply, the mass destruction of farming jobs allowed for the redirection of precious human capital toward more productive, higher value work.
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So the actual value of this 15 tonnes is zero minus whatever it costs to guard it until destruction and the costs of that destruction.
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