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In this excruciatingly long and boring article we are meant to learn that since James B. Duke gamed the regulatory system for cigarettes over a hundred years ag
by gridlockd 8y ago
In this excruciatingly long and boring article we are meant to learn that since James B. Duke gamed the regulatory system for cigarettes over a hundred years ago, Joseph Schumpeter's concept of "creative destruction" is wrong.
I'll leave that standing as it is, but it's worth noting that "libertarian" economist Schumpeter predicted the demise of capitalism in unison with the concept of "creative destruction":
https://en.wikipedia.org/wiki/Capitalism,_Socialism_and_Democracy#Part_II:_Can_Capitalism_Survive https://en.wikipedia.org/wiki/Capitalism,_Socialism_and_Demo...?