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creative destruction


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  • “Indeed, Silicon Valley may be one of the few places where businesses are still aware of the ideas of Joseph Schumpeter, an Austrian economist who wrote about business cycles during the first half of the last century. He said the lifeblood of capitalism was ‘creative destruction.’ Companies rising and falling would unleash innovation and in the end make the economy stronger.�?

    The New York Times, $200 Laptops Break a Business Model , by Brad Stone and Ashlee Vance, January 25, 2009

    January 26, 2009