You Can’t Have Creation Without the Destruction

“Capitalism, then, is by nature a form or method of economic change and not only never is but never can be stationary…The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates.

[T]he history of the productive apparatus of a typical farm, from the beginnings of the rationalization of crop rotation, plowing and fattening to the mechanized thing of today — linking up with elevators and railroads — is a history of revolutions.  So is the history of the productive apparatus of the iron and steel industry from the charcoal furnace to our...