Saturday, October 13, 2018

HISTORIC SOCIO-ECONOMIC SUCCESS OF AMERICA: CREATIVE DESTRUCTION



The key to America’s historic success lies in its unique toleration for “creative destruction.”  This is a destabilizing force described by the economist Joseph Schumpeter in 1942. Creative destruction reallocates society’s resources from less productive pursuits to more efficient. 

https://www.wsj.com/articles/how-to-fix-the-american-growth-machine-1539361093