In a nutshell innovation helps to avoid depressions and recessions. Joseph Alois Schumpeter is a theorist that pointed it out best:

Schumpeter’s most popular book in English is probably Capitalism, Socialism and Democracy. This book opens with a treatment of Karl Marx. While he is sympathetic to Marx’s theory that capitalism will collapse and will be replaced by socialism, Schumpeter concludes that this will not come about in the way Marx predicted. To describe it he borrowed the phrase “creative destruction,” and made it famous by using it to describe a process in which the old ways of doing things are endogenously destroyed and replaced by new ways.

Schumpeter’s theory is that the success of capitalism will lead to a form of corporatism and a fostering of values hostile to capitalism, especially among intellectuals. The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism; it will be replaced by socialism in some form. There will not be a revolution, but merely a trend in parliaments to elect social democratic parties of one stripe or another. He argued that capitalism’s collapse from within will come about as democratic majorities vote for the creation of a welfare state and place restrictions upon entrepreneurship that will burden and destroy the capitalist structure.

Thus the current capitalist structure will eventually turn into a socialist state if entrepreneurs are discouraged. Another reason to seize the moment while you can, you never know what awaits tomorrow.

Source: h(y)r collective blog comments section

But you can’t wait forever for that perfect time to make big decisions. I feel that risks are what makes life interesting and fun to live. Whether it’s wearing some overalls or starting a business that you really believe in and are passionate about. Of course there are smart choices and there are poor choices, but with a realistic perspective, positive outlook and an actually good idea, you can make something happen.

The entire post by Ryan from the h(y)r collective blog is inspiring. The idea that many of the world’s most creative talent are holding themselves back is something that needs to be articulated from time to time. Please, if you are one of the aformentioned persons, ‘just do it already!’

I really do believe that you only live once, and now is probably the best time to do something. There is a pretty great opportunity to do some fun, interesting and cool things in the next couple years. And if you are young, creative and relatively bright (and dressed well), the only person stopping you is probably yourself. I know I have stopped myself at times and I feel like the time is coming to jump off the cliff and take a risk.

See the rest of the post HERE