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Creative Destruction

 Once again George Will has highlighted economic wisdom in his Newsweek column.  The thoughts of Robert Weissenstein are discussed:

Connecting such disparate dots is how Robert Weissenstein’s interesting mind finds fascination in the quotidian. We are, he thinks, in an accelerating process of pervasive global restructuring—regional, industrial, and behavioral. Today, as chief investment officer in Credit Suisse Private Banking, Weissenstein’s theme is “the enormous iterative impact of everything we hold and do.”

This reminds me of Joseph Schumpeter's Capitalist theme of "creative destruction".

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