@blatham,
blatham wrote:
Rather odd set of ideas, isn't it. I've wondered what economic or political theorist this chap has been influence by.
No one in particular. I have read and contemplated many.
You may notice if you google 'creative destruction' that wikipedia cites Marxism/Marxian economic analysis. There is value in reading and understanding Marx, if only to get enough of a grasp on the ideas to see how naive utopians get fooled into pursuing socialism/communism as a solution for social-economic problems.
Ultimately we cannot eliminate capitalism, nor should we seek to. What we should do is be satisfied with more conservative levels of prosperity and not push capitalism further than necessary; i.e. because doing so causes various forms of waste and destruction.
We need capitalism for production and distribution of necessary goods and services, but we also need:
- to discipline ourselves to preserve free time, nature/environment,
- the freedom to choose more affordable options that don't generate as much revenue/growth/jobs,
- to curtail spending and investment for the sake of resisting/reversing inflation,
- to restrict/sacrifice some economic pursuits to serve higher purposes, and not vice versa.