Quotation of the Day…

by Don Boudreaux on December 6, 2021

in Environment, Innovation, Seen and Unseen, The Future, The Profit Motive

… is from page 124 of Arthur Diamond, Jr.’s, superb 2019 book, Openness to Creative Destruction: Sustaining Innovative Dynamism:

In a system of innovative dynamism, creative inventors will finds ways to reduce global warming, and innovative entrepreneurs will find ways to adapt to it. Besides the risks of global warming, there are other countless risks that are conceivable – for example, the collision of a large asteroid with Earth. Many of the conceivable risks seem unlikely in the short term, and in any event we do not know how, or currently have the resources, to counter them all. Whatever small subset of the conceivable future risks actually occur, we should trust our future selves, and our descendants, to have the entrepreneurial nimbleness to deal with them. IN addition to our trust in their entrepreneurial nimbleness, they will also have the new goods and process innovation tools that we will have created for them.

DBx: Yep. But this message is unwelcome by people who seek to rule others, or who embrace a dogmatic faith in the powers of coercion.

Add a Comment    Share Share    Print    Email

Previous post:

Next post: