Yes it is a tool, like a car. But if you have to travel a long distance, having the tool helps :)
controlled demolition would be ideal, but I don't think it is possible as once wealth start to move from new to old, there will be increasing volatility, but still a lot of wealth unwilling to make the transfer.
I wish more people would make a step into the new economy world - otherwise it is going to be painful for so many in a very short time frame.