Government action is inevitable. In conventional industries, the demise of companies leads to “creative destruction” with capital being reallocated to more productive areas. But in banking and finance, a crisis leads to “deflationary destruction” as capital is eliminated. Businesses, investors and consumers lose confidence; borrowers are unable to repay their lenders, who suffer as well.
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In conventional industries, the demise of companies leads to "creative destruction" with capital being reallocated to more productive areas.
在传统产业,公司的消亡导致“创造性破坏”,资金被重新分配给生产效率更高的领域。
However, many of the journalistic jobs are not being created in conventional journalism industries.
然而,很多新闻就业机会并不是由传统新闻产业创造出来的。
Tungsten metallurgy is superiority conventional industries. In pace with consumes of high-class tungsten resources, the impurity such as mo in the resources became more and more too many.
钨冶金是我国的传统优势产业,随着优质钨资源的消耗,其资源中钼等杂质的含量越来越高。
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