the basis of business, investment,
and speculation success
In finance there is a rule of thumb for
If financiers own a great deal of stock
in a company and notice the company has not, and will
not, repair a flawed business plan; they sell their stock
to protect themselves.
They will then sell short more stock
to profit from the collapse they think is coming. Their
sales may alert other observant financiers to look for
problems and the stock may start it's decline.
We believe as the netcohort society establishes
itself our traditional, inefficient, expensive, snobbish,
government supported and regulated bureaucracies must
change. They have a flawed business plan for the information
age. The netcohort will demand individually tailored relationships
- and they will get them.
That finance rule of thumb? If something
is going to fall, it should to be pushed.
Innovation by the entrepreneur, argued
Schumpeter, led to gales of "creative destruction"
as innovations caused old inventories, ideas, technologies,
skills, and equipment to become obsolete.
The question, as Schumpeter
saw it, was not "how capitalism administers existing
structures,... [but] how it creates and destroys them."
This creative destruction, he believed, caused continuous
progress and improved standards of living for everyone.
If you are happy to be avoiding plagues,
famines, and general pestilences - thank an individualistic
You can begin the process
of creative destruction and change the world for the better.