Saturday, February 15, 2020

Creative Destruction

Mark Levin, In Liberty and Tyranny, Page 92 and 93, points out that Statists do enormous damage by interfering in free market economy. The genius of the capitalist system is its investors taking risks and amassing wealth and sometimes losing their fortune, and this creative change, this open-ended creative destruction is the essential fact about capitalism. As the economy changes and the business cycle unfolds, the economy grows and most people prosper as winners. Statists and Big Government, seeking to right wrongs, to provide social justice to employees, etc., just makes it all worse.





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