Liquidity and credit suddenly become scarce and a devastating, value-destroying uncertainty takes hold.

一夜之间，流动性和信用就变成稀缺资源，取而代之的是严重且破坏价值的不确定性。

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And so they began looking for a new model, one that leveraged the power of the Internet without the value-destroying side effects of the Web.

于是他们开始寻找一种新的模式，在不会损害网络价值的前提下利用互联网的能量。

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While there was plenty of debate at the time of the announcement as to whether selling the PC business was a good idea, the idea that it could take a year or more to decide was widely viewed as a value destroying nightmare.

FORBES: HP: The Wrong Decision?

As Mr Sirower notes, lawsuits and the press punish other value-destroying corporate decisions.

ECONOMIST: Bidder beware | The

But the world's Friedmanites have waged a relentless guerrilla war against the idea, denouncing it as a farrago of value-destroying nonsense.

ECONOMIST: Attitudes to business