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The ‘Creative Destruction’ of Capitalism
capitalism

The ‘Creative Destruction’ of Capitalism

For Joseph Schumpeter, the story of capitalism is of constant change; slowing or expanding, but never stagnating. The system itself is reliant on always creating new and better – new industries, new products, new demand, and new consumption are its staples. Once the ‘new’ has been introduced, the ‘old’ ceases to
May 18, 2016 3 min read
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