June 02, 2004

Words & Meaning

Somebody described capitalism as "creative destruction," which seems accurate to me.
Those who are pro-business emphasize the "creative," as in jobs and wealth.
Those who differ tend to emphasize the "destruction," as in family ties, environment and other non-material values.
I find it interesting that we often call the advocates of business "conservative," when they applaud a system of constant, dynamic change.
And those who resist, pointing out that capitalism steamrolls all values except success? We call them "liberals," though they are dedicated to preserving
tradition.

Posted by Arthur Alpert at June 2, 2004 05:57 PM