"Revolution is not something fixed in ideology, nor is it something fashioned to a particular decade. It is a perpetual process embedded in the human spirit.” -- Abbie Hoffman
What is the nature of economic growth? Economist Joseph Schumpeter argued that economic growth happens through a process of 'creative destruction' - a process where old existing social and productive systems transform and give way to new ways of being, doing and relating. These novel ways of living arise to meet the needs and directives (life conditions) no longer met by the former economic activities.
Schumpeter argued that creative destruction has two sides: the costs and results of destruction as well as the benefits of creation. And as creative destruction intensifies, the results of this great tradeoff sharpen. It then becomes important to attempt to understand and track how this tradeoff plays out through the practical, multi-dimensional specifics of any situation. Only through an appreciation of the wider contexts and influencing factors (social, psychological, ecological, cultural, etc.) can we begin to determine whether or not such novel developments can be facilitated to be promote overall individual, group and environmental health
Read about Schumpeter's innovative work here:
So, given the delicate and complex nature of this dual transformative process, how do we begin reorganizing the industrial economy in a way that truly honors and includes the dynamics of 'creative destruction' in an increasingly complex global system? A long and complicated question, we know, but a question which needs to be at the centre of all social policy and reorganizational efforts.
For starters, such reorganization might include a sensitivity to the particular life ways and conditions (capacities and challenges) of the various peoples involved - thereby ultimately affirming the human rights and responsibilities of the most vunerable populations. One way promising way forward is suggested by leading economic consultant and strategist Umair Haque:
"By using markets, networks, and communities to alter the way resources are managed: to weave a fabric of incentives for sustainable growth and authentic value creation into the economy -- a new economic fabric that's meaningful to people."