Square waves and clipping don't blow speakers in and of themselves. Speaker damage from an underpowered amp results from the following:
A clipping amp compresses the signal. As the wave squares off due to clipping, it loses dynamics. It starts to have a more constant level. This raises the amp's average power output.
It is very easy to raise the average above the speaker's RMS rating by clipping. Do this for long enough, and...meltdown.
Tweeters often go first as they can handle only a tiny fraction of the power woofers can. The compression from clipping raises the level of the highs past the point the tweeter can survive, while the woofers can usually hold out longer.
Thus the myth that clipping, square waves, and harmonic distortion causes speaker damage, and fries tweeters*
If it were true, synth makers and guitar amp makers would be bumming. Synths have lots o' square wave sounds, and people clip guitar amps all the time.
You will never blow a 900W subwoofer with a 1W amp, no matter how hard you clip it.
Xstatic is right, don't clip and you will be fine. It's all about how you use the gear you have.
*I used to think the myth was true, but have recently been informed of the real reasons behind speaker failure due to underpowered amps. I have even posted the myth myself, here on this forum. Up through the mid-90s it was the prevailing wisdom. I have since been corrected by someone who knows the real deal.