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“Creative Destruction is the essential fact about Capitalism” J.A. Schumpeter (C.S.D. (1942, p. 83). Capitalism, first and foremost, depends on the amount of Freedom within a Society.
Berniece Van Der Berg is the co-founder of the Moonlight Meadery in Londonderry, New Hampshire, and if you are reading this, the odds are very good she doesn’t want your money.
Creative Destruction: Joseph Schumpeter (1883-1950) first coined creative destruction in his work, Capitalism, Socialism, and Democracy. It refers to the process in which technology and innovation create new ways of doing things and, in the process, leave the old ways behind. Technological innovation might destroy entire businesses, industries, or streams of employment while allowing new enterprises to grow in …
“Creative Destruction” – the end of my beginning. The beginning of my middle. Read More »
