Home Economy Disruption hurts but is good for R.I.

Disruption hurts but is good for R.I.

While you may not be familiar with Joseph Schumpeter, we all are familiar with the economic forces he recognized and gave a name to. “Creative destruction” is the most famous of Mr. Schumpeter’s concepts, defined in Wikipedia as “the process of industrial mutation … incessantly destroying the old [economic structure], incessantly creating a new one.”

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