Kling and his quadrants

Arnold Kling decomposes business activity  into a table.  I read from Part One  of his description, so go read the whole two articles, please.
Low and High creation refer to new business entries. Low and High destruction refer to the amount of new business exits, in short.


This is a concise summary of what I currently believe.

	Low Creation	High Creation
Low Destruction	Corporatist Stagnation	Schumpeterian Boom
High Destruction	Minsky Recession	Rising Dynamism

There is high creation when new businesses are launching and growing at a high rate. There is high destruction when incumbent businesses are disappearing at a high rate.

But this table sounds like fun. I think we started in 2001 with a corporate welfare system stuck in expensive wars, the upper left.  Then the oil shortage appeared and we had very high business destruction, lower left. We went fracking and digitizing, and we beat the oil shortage, two industries leaving everyone in the dust,lower right.

Getting to the upper right:

• We now await the political restructuring of the US called the Golden Age of Democracy.
• Or we now await the web bot takeover of the universe.
• Or we wait the nanotech revolution that increases liquid energy conversion efficiency to 40%.

Oh yes, Arnold, how do we land in a quadrant if we do not equilibriate?