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To: Dennis O'Bell who wrote (97611)4/19/2001 9:07:04 PM
From: Maurice Winn  Read Replies (1) | Respond to of 152472
 
<More seriously, given the creative destruction inherent in capitalism, > Destruction is never creative. But the losses losers face in capitalism sure beat the losses faced by everyone in government-run economies.

I cannot see how the destruction wrought by Globalstar and Iridium are creative.

Mqurice {I'm not suggesting you think that it is...the expression 'creative destruction' amused me as one of those silly cliches people almost think are true}



To: Dennis O'Bell who wrote (97611)4/20/2001 7:48:03 AM
From: Keith Feral  Respond to of 152472
 
Creative destruction ... The way I look at it, capitalism creates excess compeition within certain parts of the market. The inevitable destruction of profit margins in the short term wipes out the competition that cannot survive. The economic capitalism restores the imbalance as the excess resources seek out new returns elsewhere (or face bankruptcy).


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