Sound Of Freedom Dvd Release Date latest 2023

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Creative Destruction

Last Memorial Day weekend, I decided to revisit my library to rummage through and reminisce about the books I’d read over the past decade. You see, not only do I love collecting great books, but I also date each one to remember when I read it. My “invisible finger” guided me to a book I read seven years ago called “Wealth and Freedom” by David Levin. Wealth and Freedom (I know…sounds boring) is a great read on political economy for non-economists…like me.

In the second chapter entitled “Capitalism”, Levine devotes a segment to a phrase made popular by the economist Joseph Schumpeter; this phrase being “Creative Destruction” which describes the chaotic changes that occur when a new product (i.e. technology) or service is introduced to the market. For example, remember when the compact disc was introduced, ushering in the dramatic decline in the use of audio tapes. The most recent example is how digital video discs (DVDs) are now crowding out VHS tapes from our local video libraries. Soon even DVDs will be replaced by high-speed Internet downloads.

What happens to old products? Gone. What happens to people who worked for the audio tape or VHS companies? They end up moving on to another position or going to work for these new digital companies. In the end, the consumer wins because a new, more efficient product has been created to make our lives easier (eg, more fast forward, less shelf space for CDs and DVDs, etc.).

Change is the continuous cycle of capitalism. Introduce a new product. This then creates an upheaval in the market. Upheaval settles into normality until the next creative destruction (new technology) arrives.

As I re-read Levine’s description of creative destruction, my mind wandered to the topic of success. I started thinking about the many people who are so comfortable with their lives that they don’t want to change anything. Yet many of them live a quiet life of despair; who deep down want change. They want something exciting to happen to their existence. But when something new is introduced into their normal daily life, they are quick to reject it. Therein lies one of the greatest enigmas of success. We want our lives to change, but we don’t want to change anything that would require us to make changes. Eh?!

In the marketplace, change is forced upon us by the creative minds of individuals with new ideas and visions. But in our personal space, who will force us to change? Who will force us to change our habits of failure into habits of success? Who will force us to try something we’ve never done before? Who will force us out of our comfort zone? Who? Who are you !

Many of us are waiting for an “agent of change,” a creative-destructive force that will ultimately make our lives better. Unfortunately, the majority of people have been waiting all their lives for such a creative force for change that never manifests itself.

I don’t need to tell you that you can’t wait for some destructive creative force to make you do what needs to be done. No “great power” will intervene in your change until you consciously decide to make it happen. Nothing will happen until you creatively destroy old patterns that have not worked over the years.

Creative destruction for you is a commitment to stop, evaluate and redirect your energies to your aspirations regardless of the unintended consequences. You cannot predict what may happen when you begin to rebuild your life. You cannot predict every outcome. You can’t always assuage your fear of failure. What you can do is convince yourself that your current life is not enough and that if something needs to change drastically, you need to drastically change your approach.

So here’s what I want you to do. Introduce the cycle of success (creative destruction) into your life. Start a new activity or good habit today. This habit will create an upheaval (i.e. change) in your life that will eventually settle into normality until you introduce the next creative destructive habit.

Where to start ? You start out doing things you’ve always been afraid to do. Read a book that will inspire you. Start by doing small things that you have always put off until tomorrow. Start by taking small risks and a few leaps of faith so you can begin to reformulate, piece together, rebuild the new you while creatively destroying the old you.

Like anything worth pursuing in life, change comes at a cost. You will have times when you are not sure which direction you are heading. There will be times when you want to go back to the old you because it seems easier. There will be times when you wish you could go back to your old life. Don’t ! Although these tendencies are a natural reaction to change, you must resist the urge to regress into mediocrity.

The result of creative destruction will not be immediately obvious. Only as time passes and you begin to redefine your life will you be able to appreciate the benefits of your self-inflicted upheaval. New patterns bring new thoughts that lead to even newer patterns of success.

Albert Einstein defined the definition of insanity as doing the same thing, the same way over and over again and expecting a different result. Einstein and Schumpeter understood that a new YOU will only emerge as a result of a change in YOU.

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