The Present Gale of Creative Destruction

June 27, 2009

Incessently destroying the old, incessently creating the new...the perennial gale of creative destruction. What if Joseph Schumpeter's core tenant of capitalism, creative destruction, is working us on intertwined fronts, with failures of:

• organizations, as Schumpeter originally applied the concept
• systems: financial, manufacturing, state and national governments
• paradigms, particularly our energy paradigm

Maybe the pain and dislocation we are currently experiencing is a welcomed course correction, necessary to adjust to the inexorable tectonic shift taking place beneath us.

Photo: Katherine Sanderson on flickr