What we are seeing today is more than the continuous process of destruction and renewal that embodies capitalism.
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What all of these radical visions share is a de-centering a questioning of the dominent paradigm the destruction within the creative process.
The story is in the destruction of the scientific process, the taking over of entire scientific communities by a small group of world eletists .
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Thanks to the Federal Reserve and other destructive creations of government, the process of creative destruction rarely takes root in American soil anymore.
More important, as Schumpeter argued, recessions are a process of creative destruction in which inefficient firms are weeded out, releasing resources for more productive firms.
In the process of creative destruction the ladder has been kicked away and for increasing numbers of people a middle-class existence is no longer even an aspiration.
This process of creative destruction that sends an entrepreneur back to the drawing board is one that many budding entrepreneurs shy away from but Aryeh and Miri revel in the process.
This can bring to bear a cruel process of creative destruction on entrenched competitors without the willingness or vision to change, but in our current economic landscape, it can offer a steady flow of more efficient business endeavors that inspire imagination and eliminate unnecessarily inflated costs.
They were in the process of self-destruction, although few recognized it at the time.
Another example: Almost everyone today is aware of the phrase of another Austrian-born economist, Joseph Schumpeter: "creative destruction, " which describes the process in a capitalist economy whereby new technology and new companies messily supplant the old.
As an environmental consultant I am deeply concerned that the lack of a proper planning process will result in direct destruction to important environmental features such as bat roosts, which can often be found in residential properties being extended.
The US and Europe countered with allegations that Iran was sponsoring state terrorism, developing weapons of mass destruction and seeking to wreck the Middle East peace process.
It is a tragedy that Israel's leaders cannot find the courage to say the joke of the peace process is really a deadly serious war process whose end is Israel's destruction, and that Israel is done with playing along.
It did eventually make the process of inspection easier, and allowed the destruction of some illegal missiles, but this was far too little, and too late.
These, he reiterated, were Iran's support for international terrorism, its efforts to disrupt the Middle East peace process and its development of weapons of mass destruction.
That will continue, it is often said, until Iran stops sponsoring terrorism, undermining the Arab-Israeli peace process and trying to develop weapons of mass destruction, above all nuclear ones.
"Creative destruction" is what the great economist Joseph Schumpeter called this process.
In the Commons, Defence Secretary Geoff Hoon dismissed speculation that British troops might participate in a ceremony involving the token destruction of arms by all sides of the Northern Ireland peace process.
In the capitalist process, described by Joseph Schumpeter as waves of creative destruction, billionaires appear and disappear all the time.
"I've no doubt at all that the picture at the end of this process will be of somebody who believed in weapons of mass destruction as a strategic tool ... and was clearly prepared to use them, " Hill said.
So, even worse than the senseless destruction of Mes Aynak, is the thought that this kind of cheap destructive process will be replicated all across Afghanistan.
That relationship has been improving rapidly since Gadhafi pledged to rid his country of weapons of mass destruction and invited U.S. and British experts in to supervise the process.
John Maynard Keynes' 1919 observation still holds true: When inflationary forces are unleashed and the destruction is felt, not one person in a million will understand the inflationary process in play.
The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Also, until there are elections and a genuine reform process to convince Palestinians that there are other ways to liberate their country than through its destruction.
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President Obama today promised residents of Staten Island his support as they begin the long process of rebuilding their devastated community just two weeks after Hurricane Sandy tore its path of destruction through the New York City borough.
Does anyone think for a moment, that if those waging holy war on this country, people fully prepared to die in the process of doing so, had access to weapons capable of inflicting infinitely greater death and destruction on us and against which we had no defense they would refrain from using them?
Does anyone think for a moment, that if those waging holy war on this country, people fully prepared to die in the process of doing so, had access to weapons capable of inflicting infinitely greater death and destruction on us -- and against which we had no defense -- they would refrain from using them?
And Kevin, specifically because of what you were saying about the creative destruction effect of this recession, you want to take advantage and buy companies that are going to survive this process.
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