Socialism in Capitalism
“The old order
changeth yielding place to new
And God
fulfills himself in many ways
Lest one good
custom should corrupt the world
Alfred
Tennyson
Joseph
Schumpeter in his book 'Capitalism,
Socialism and Democracy' (1942) blame Capitalism for incessant
revival of economic structure where Old one is replaced by New one incessantly.
Some economist finds his theory of 'Creative
Destruction' as a major breakthrough that solves many riddles of the economic
trends of the World.
The article
published in Washington Post republished in The Hindu (17 Feb
2015) has raised an issue if all destruction is creative or only certain
destructions are creative and the rest are just destructive.
There cannot be
two opinions that New obliterates Old, either for good or for bad. We can rely
on the poetics whenever an ethical question is raised. The intuitive dictum of
a poet goes beyond the realm of super specialists viz. Scientist and Economist
who are too focused and thus overlook what is obvious. Albert Tennyson
says that place is yielded by old for new, thus new is invited and welcomed by
old to replace it, so that it may now rest in peace.
The God who is
nature or some cosmic power is combination of Light, Energy and Action, which
destroys everything that gets redundant and replaces it by New that would
sustain to the incessant growth and expansion of universe eventuating
Evolution. The Evolution is not restricted to Biological Evolution but is
evident in every walk of life, be it Economic, Social or Political.
The example quoted
about internet related disruption is rudimentary since it is surprising that
why the whole world which is so tiny in comparison to our Galaxy is still not
connected by single Wi -Fi system which should be randomly and freely available
to all the citizens of Planet Earth. Not only one, but there should be many
such systems working simultaneously to avoid any disruption.
The labour
productivity should decline with the advancement of technologies. The Drone has
just come, and it has already started playing wonders. In recent future it is
going to revolutionize whole transport and delivery system. This can be seen as
a healthy trend in Economics and the surplus labour can be trained to perform
other more productive activities.
The catastrophe of
the doomsday would prove the prediction of Albert Einstein correct
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