By Mehrdad Vahabi
I used to be surprised on the originality of this e-book. M. Vahabi has created a brand new box in economics, and highlights the significance of the harmful energy of monetary brokers. A reference in monetary litterature, and within the social sciences.
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It is on this particular sense of destruction and destructive power that the rest of my study will be focused and not on destruction as an integral part of creation. Even ‘the dark side of destructive power’ or abstract destruction cannot be entirely dissociated from creative power. Destruction in its strict sense also involves creation in several ways. First, destructive activity requires certain types of skills or abilities that may engender some positive externalities for peaceful creative activity.
The second aspect of capital destruction amounts to the depreciation of values, which impedes their reproduction on the same scale as before. This is due to the destructive effect of deflation. In this case, use-values are not destroyed, but exchange values are transferred from one group of capitalists to another: what one loses, the other gains: ‘Values used as capital are prevented from acting again as Capital in the hands of the same person. The old capitalists go bankrupt’ (ibid. p. 496). This redistribution of exchange values through crises and deflation involves the complete destruction of the nominal capital of certain firms.
In this sense, destructive power is part of creative power. Satisfaction in destroying is characteristically human, as is the capacity for sexual excitement while inflicting pain14 (Moreno 1977, ch. 4). ‘Men kill out of joy, in the experience of expansive transcendence over evil’ and death (Becker 1975, p. 155). When man is at his destructive work, he is on a different plane from animals (Gray 1970, p. 55). Gray also sees the important similarities between creative and destructive acts. The psychology of evil or the ‘delight in destruction’ is not a group psychology; it is rooted in the individual’s psychology of desire (Becker 1975).