With every advancement that is made in the technological world, creative destruction results. For example, television impacts negatively on the movies and synthetic fibers impact the cotton fibers negatively. The coming in of new types of technology also results in a negative impact on the growth of the economy at times; television at times consumes all the productive hours that a man has in a day. Every new form of technology gets into the market together with long term consequences that are most of the time not foreseeable. For instance is there really a justification for nations coming up with bombs, nuclear weapons and missiles to maintain