msmith537:
Funny how people always call for “loyalty” and “patriotism” when they want someone to act counter to their best interests. “Healthy for GreedCO” means heathy for GreedCo’s employees, shareholders and people who do business with GreedCO.
Since the OP is coining the phrase “creative destruction”, I assume he is familiar with economist Joseph Schumpeter. Schumpeter beleived that capitalism would be replaced by a form of socialism. He didn’t advocate this shift, but he was describing trends he observed. Essentially, as capitalist society advanced, the population would increase in education, however automation would lead to less meaningful work for them to perform. This would lead to the growth of an overeducated, underemployed “intellectual” class whose growing frustration and activism would result in more socialist policies.
Sound familiar?
I, for one, certainly hope that doesn’t happen. What would that society look like? A minority of highly educated, highly motivated working people supporting a vast population of people unable to find work or unwilling to work at jobs they felt were beneath them?
The mistake you seem to make is to think that the current economic state is due to misguided policies or “corporate greed” (whatever the fuck that means since corporations have always been expected to behave in a ‘greedy’ manner). What we are seeing is a fundamental shift in the global economic landscape. You have billions of people in developing nations like China and India who are looking to enjoy the same standard of living that we enjoy here in the West. Do you think there is something particularly exceptional about America that we are the only ones deserving of that lifestyle?
If they had constructed a manufacturing base on their own .you might be correct. But our capitalists moved ours there, including all the manufacturing methods and technology we created in America over generations.