On Apr 16, 2012, at 10:52 AM, Jim Devine wrote:
> Shane Mage wrote:
>> ... "Creative destruction" is nothing but Schumpeter's genial
>> phrase for an idea that he explicitly takes from Marx ("One
>> capitalist
>> kills hundreds"): competition among capitalists leads to innovation
>> that revolutionizes the productive forces and in the process destroys
>> those capitalist firms made obsolete by the innovation.
>
> "creative destruction" also describes the normal trajectory of
> capitalist accumulation: create profits (and accumulate power) by
> destroying nature, exploiting people, undermining preexisting social
> structures, etc. It is "ignited by the sparks thrown off from class
> struggle" but it also intensifies class struggle. It's a two-way
> street (or, to use an old-fashioned term, dialectic).
Do you think any of that was part of Schumpeter's meaning for the term?
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
