Wednesday, February 18, 2015
Old Order Changeth Yielding Place to New
Socialism in Capitalism
“The old order
Joseph Schumpeter in his book 'Capitalism, Socialism and Democracy' (1942) blame Capitalism for incessant revival of economic structure where Old one is replaced by New one incessantly. Some economist finds his theory of 'Creative Destruction' as a major breakthrough that solves many riddles of the economic trends of the World.
The article published in Washington Post republished in The Hindu (17 Feb 2015) has raised an issue if all destruction is creative or only certain destructions are creative and the rest are just destructive.
There cannot be two opinions that New obliterates Old, either for good or for bad. We can rely on the poetics whenever an ethical question is raised. The intuitive dictum of a poet goes beyond the realm of super specialists viz.
Scientist and Economist
who are too focused and thus overlook what is obvious. Albert Tennyson
says that place is yielded by old for new, thus new is invited and welcomed by
old to replace it, so that it may now rest in peace.
The God who is nature or some cosmic power is combination of Light, Energy and Action, which destroys everything that gets redundant and replaces it by New that would sustain to the incessant growth and expansion of universe eventuating Evolution. The Evolution is not restricted to Biological Evolution but is evident in every walk of life, be it Economic, Social or Political.
The example quoted about internet related disruption is rudimentary since it is surprising that why the whole world which is so tiny in comparison to our Galaxy is still not connected by single
Wi-Fi system which should be randomly and freely available
to all the citizens of Planet Earth. Not only one, but there should be many
such systems working simultaneously to avoid any disruption.
productivity should decline with the advancement of technologies. The Drone has
just come, and it has already started playing wonders. In recent future it is
going to revolutionize whole transport and delivery system. This can be seen as
a healthy trend in Economics and the surplus labour can be trained to perform
other more productive activities.
The catastrophe of the doomsday would prove the prediction of Albert Einstein correct