“Well in a free market capitalist system there are always winners and losers. It’s creative destruction. That just happens. It’s unfortunate. But lets face it, if it weren’t for that we’d still have buggy whip companies.”
– Republican U.S. Senate candidate Ron Johnson, speaking at the WisPolitics Luncheon at the Madison Club on 7/26/10
Personally, I’d love to see Ron Johnson tell someone who lost their job in the current recession about his theory on “creative destruction,” because I’m sure that would be quite an interesting conversation.
so according to rojo….gm, the paper industry and harley are all buggy whips?
Way to find something that isn’t there.
Typical campaign malarky. Then when he is elected he`ll line his rich buddy`s and his own pockets more. Don`t fall for the BS. Scott Walker is alao ful of hot air don`t listen to their BS.
Creative destruction is one of those things like free trade, democracy or for “your side” gay marriage. The only people still resisting are dinosaurs fighting a losing battle. It’s over, they just don’t know it yet. Any government where people aren’t allowed choose their leaders is absolutely wrong. We live in a global world and barriers to trade and isolationist policies will be ignored and routed around like a pot hole in the road. Eventually practically no one will give a damn whether two people getting married are the same sex or not. And open, competitive markets (with some degree of oversight & regulation) mean there will be winners and losers. The companies with bad ideas or bad execution need to be allowed to die so they stop consuming resources, not propped up and carried along by government.