A belief in creative destruction is based on the idea that there is an invisible hand within capitalism. That in turn requires a belief that greed is the sole route to human salvation. Johnson and Cummings are of that opinion.
— Richard Murphy (@RichardJMurphy) October 3, 2020
Well, no, not really. Creative destruction is simply the advance of technological change. The connection with markets and neoliberalism is only that these are good ways of gaining the technological change.
As to invisible hands Adam Smith actually used it as proof that capital will always pay some portion of corporate taxation. But then that’s actual economics so not something we can expect Dickie to understand.
Perhaps also worth pointing out that economics doesn’t even pretend to be a method of divining routes to salvation. That’s more about the Grandpa figure with the beard than it is Karl.