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> ensure a marketplace that is ... stable. Punctuated equilibrium is a feature of markets. Creative destruction and all that. Stability is bad. You want uph
by kingkongrevenge 18y ago
> ensure a marketplace that is ... stable.
Punctuated equilibrium is a feature of markets. Creative destruction and all that. Stability is bad. You want upheaval and reformation. Unfortunately, things are playing out exactly as Schumpeter warned: the wealthy players are using political power to achieve "stability" and keep themselves dominant.