Tag: Scott Pelley

The “Creative Destruction” of American Lives

Much as been said and written about “Creative Destruction” lately — including this good Ad by Russ Feingold, which focuses on the fallout of this Economic policy stance, held by his GOP-Tea Party opponent Ron Johnson:



http://www.youtube.com/watch?v…

Well, in a free-market capitalist system, there are always winners and losers. It’s creative destruction. That just happens. It’s unfortunate. But let’s face it, if it weren’t for that we’d still have buggy whip companies.

— Senate candidate Ron Johnson (R-Wisc.)

“Winners and Losers”, Nice.  

I suppose with his CEO background Mr Johnson feels qualified to pick them?