re: #51 Anymouse 🌹🏡😷

The process Anymouse describes is what Joseph Schumpeter referred to as the creative destruction component of market capitalism. The process is described in Schumpeter’s magnum opus Capitalism, Socialism and Democracy.

Schumpeter started out as a proponent of the Austrian School of Economics which is where Von Hayek and Von Mieses formulated their laissez-faire economic theories. Schumpeter became disillusioned with the Austrian School and went his own way. He believed that eventually greed and selfishness would run unchecked and a revolt of the dispossessed would eventually lead to a socialist society.