[lbo-talk] Keiretsu Capital

Doug Henwood dhenwood at panix.com
Tue Jan 13 13:32:31 PST 2004


jjlassen at chinastudygroup.org wrote:


>Yes, that's my understanding of what's happening. But then that's (in general)
>job destruction, and if we believe these are connected processes, then we
>wouldn't be good social scientists if we added the word 'creation' to it if
>it's a negative-sum game, no? Or at least if we failed to hedge our bets
>through fun oxymorons like:
>
>creative destruction
>annihilatory ingenuity
>productive ruination
>devastating dynamism

Is it a negative sum, or even zero sum, game though? You could have employment rising, but the demand for employment rising even faster. What's happening in China?

Doug



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