Ye olde Sippican Cottage brings us this simple chart, Wealth, And How To Get It, by Brad Hargreaves, and lights it up by noting:
I'm not astonished by the rate of creative destruction in the economy, even though my way of earning a living has been completely wiped out at least six times in my lifetime. It's the non-creative destruction I'm amazed at. Not Adam Smith, or even Karl Marx destruction. Ghengis Khan destruction. Vercingetorix destruction. William the Conqueror destruction. Carthaginian destruction, with nothing to replace it. The economy is less sophisticated than twenty-five years ago. It's a hard money, feudal world again in many respects. The Duchy of Chicago was just awarded to a loyal Cromwell.
