Capitalism has created more economic growth and well-being in the last two hundred years than all the economic activity in all the history of humanity combined. And the power, demand, punishment, and rewards delivered by efficient markets are all crucial parts of the capitalist system. It has become old hat to say that capitalism is partly based on creative destruction. However, it seems that everyone likes the creative part, but nobody likes thedestruction. Investors like George Schultze may be called vulture investors, but they do far more than feed on decay. They create opportunities for sick companies to survive and for restructured businesses to flourish.

资本主义在过去的两百年里创造了比人类历史上所有经济活动加起来还要多的经济增长和福利。而有效市场所提供的权力、要求、惩罚和奖励，都是资本主义制度的重要组成部分。说资本主义在一定程度上是建立在创造性破坏的基础上，这已经成为一种陈词滥调。然而，似乎每个人都喜欢创意部分，但没有人喜欢破坏。像乔治·舒尔茨这样的投资者可能被称为秃鹫投资者，但他们所做的远不止是靠腐朽为生。它们为生病的公司创造了生存的机会，也为重组后的企业创造了繁荣的机会。