Creative Destruction
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- Опубликовано: 13 сен 2024
- Watch and listen as Creative Destruction illustrates the economic cycles that occur within capitalism as technology evolves over time. While this process does not always benefit everyone, it is an essential part of economic growth and innovation.
Just what I was looking for. I realized i witnessed creative destruction myself; when Blockbuster was put out business by Netflix. Thank you for your precious time.
but that to me would be disruptive innovation not creative destruction.
Isn't there room for sympathizers that do not want creative destruction for the sake of emotional gratification? I mean, I don't care about the economy. If I had to choose I would rather keep Blockbuster in business because I have fond memories of it. Why isn't there room for the two to co-exist?
3 icemaker dislikes this video.
:D
⚒️⚒️Wonderful class⚒️⚒️Destructive creation brings changes in social mobility 🇨🇳🇨🇳 It’s very naive to imagine an egalitarian society 🌎 USSR then and Cuba nowadays are examples of how unequal Party bosses ride comfortably on the backs of the majority of those “more equal than others.” Thanks!
Love his voice
almost makes you want to enter the ice trade
@@xy30 lmfao
I didn't know Creative Destruction is a realistic game.
My bro schumpeter loved athe word "Incessantly" incessantly
Very good video!
Every union member should watch this video
Michael Nguyen Perhaps there's a way to disrupt the economy of unions as well
taylor henderson Yeah, through an enlightenment revolution. Where all their members wake up and discover economics and individual liberty and value it over legalized plunder.
Unions in the north european countries known this process really well, that why they push to secure the workforce path's with a strong public unemployment assurance program and better access to training and reclassification (not just shut the f*** up and go to work for walmart or mcdo). This model bring a stronger economic growth since 30 years from the other "neoliberal" countries (usa/australia/england/canada), a lower unemployment rate from the other european countries, and better paid jobs.
@@alexandrebouvier7731 usa? a fast growth economy? think again...was in the 50's and 60's...
me watching this for a class and eating ice 👁👄👁
well explained.👍
Where can I find research about the Ice industry that was destructed
Covi-19 Creative Destruction Process:
Change within Covid-19 is not an unexpected result, it is the natural process of capitalism creative destruction, speed-up by the contingency response to a pandemic situation.
Within this framework, what can we expect? Well, every regular consequence of changes in a creative destruction environment, as commercial challenges and threats to existing jobs, everything at the superlative speed of pandemic response.
very good vid
Awesome
Now it is A.i.
Wheres is the gameplay?
I thought it was about tha fame
The Game copied this name of a film or a long history cuz i read it
I think of creative destruction as controlled way of killing "things" to grow new ones or reap benefits of the chaos resulting from destruction. I think of it in the context of cultures and countries abroad where capitalists interfere and destroy cultures and countries to reap benefits or is that called capitalist colonialism. Case in point, Iraq!
There was nothing creative when a million iraqi kids died. I think you misunderstand Schumpeter.
thank you
so Socialism would sort of equate to, stage 1: Collective Stagnation and finally, Stage two: Collective destruction.
I believe professor here is not actually describing creative destruction at all. His example with ice only justifies Adam Smith's theory of effective allocation of resources thanks to competition leading to greater innovations and thus better standard of living for all. But that is not what Schumpeter described by creative destruction.
+David Svoboda ...nah... he is correct. in an Adam smith effective allocation model, you end up with a perfect competition between ice traders who transport ice blocks.... stasis. Along comes the schumpeterian innovator reconfigures the resources in a new way, and as a consequence he destroys that industry and establishes a new paradigm. its not competition between that leads to a better standard of living, but innovation and the super-normal profits/monopoly that are given to the innovator in the process
yes, but this is also only one side of the picture of what Schumpeter is describing..
little is usually told about that fact that Schumpeter was hugely inspired by Marx and that creative destruction came also from Communist Manifesto where Marx described how capitalism breaks into new structures of society, how it destroys the old and creates the new in a process to "create the world after its own image".
This is why Schumpeter replied to the question "Can Capitalism Survive?" with "No, I don´t think so". He understood creative destruction to be hugely innovative (hence example with ice industry) but also hugely destructive leading to eventual collapse of capitalism. This second part is usually completely left out of analysis and that´s what I was talking about. This professor completely leaves out the second half where Schumpeter describes the destructive nature of capitalism (thats what I am saying) - not only that it leads to innovation in some ice industry. Because thats not the whole story for Schumpeter,
(and I am not sure if even Adam Smith would not agree with this - that linear progress can happen thanks to innovation..)
there's the business cycle concept, which this video is about, and its elaboration into a wider socio-economic theory of capitalist development, to which you are referring. Schumpeter uses it both ways, and that the first usage also comes from him shows here in that the professor here accurately quotes Schumpeter describing it: the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one." Schumpeter also uses it as a wider theory in which capitalism will tear itself apart, but this is not as widely referred to in contemporary economics and business. Given that this is a 5-minute video I'm not sure there is anything wrong with explaining the best-known usage of the term. people wanting more can always check Wikipedia, which explains how both ideas are found in Schumpeter: en.wikipedia.org/wiki/Creative_destruction.
@@DavidSvoboda100 Actually I read that Marx was influenced by Schumpeter and not the other way around.
The professor gave a perfect example of creative destruction, disruption of a status quo, replaced thru Model 1 (as JS called it) innovation
Goofy camerawork. Like the out of focus shot of his ear at 1:47!
Lol how observant
@@lizzyavila5895 The observation of this may lead to the camera operator being eliminated from the production process in future, you could call it a form of 'creative destruction' ;-)
Look up Beautiful liar by Beyonce and The 2nd law Isolated system by Muse. Thank me later.
this is not Creative Destruction
Creative Destruction is a game
but
this is a decumentary
LOL 🤣
Me too bro
ruclips.net/video/h3pQuq4iZQM/видео.html
ice is cheap, tap water is not drinkable and the water at the store is more expensive all the time. tradeoffs, i guess.
I thought this was da game
3-0 Modex Bazukio ProJ Inferno ect tho next
this camerawork is abysmal. please just be normal or at LEAST if you're going to show multiple angles don't also move the camera.
I have no idea what this has to do with creative destruction and Schumpeter got it from Marx. Pretty weak video.
Then you clearly do not have a clue about the meaning of creative destruction. The innovation within the ice industry, which led to homemade ice machines, was what ultimately led to the downfall of the industry as over 75% of employees within the industry lost their jobs.