Ok, so I am a geek. That should come as no surprise to anyone. One of my favourite book series is Discworld by by Terry Pratchett.
The latest book, Raising Steam, has a nice description of creative destruction:
‘Some people will lose out and others will benefit, but hasn’t that been happening since the dawn of time?’ he said out aloud. ‘After all, at the beginning there was the man who could make stone tools, and then along came the man who made bronze and so the first man had either learn to make bronze too, or get into a different line of work completely. And the man who could work bronze would be put out of work by the man who could work iron. And just as the man who made steel. Its like a sort of dance, where no one dares stop because if you did stop you’d be left behind. But isn’t that just the world in a nutshell?’
Enrico Moretti in The New Geography of Jobs (page 148) describes:
Products that are cutting edge today will soon become commodified and easy to make. Later relics of the past. […] creative destruction, greatest strength and engine of growth.
The lesson for New Zealand and policy makes is, the secret of success if adaptation. Holding on to the past is not a defensible proposition.