We have been entering some perilous times recently and I can’t imagine when Joseph Schrumpter outlined his groundbreaking efforts for explaining “creative destruction” he or anyone else, could image this being flipped around to what we are facing more today, that of “destructive creation”.
Schrumpter saw “creative destruction” as the renewing, through new innovation, society’s dynamics that would lead into higher levels of economic development and welfare. At the same time recognizing that this destroyed a few of the incumbents to the benefits of many more newcomers and increasing value creation for broader society.
To read the full, original article click on this link: The Innovating Era: Creative Destruction or Destructive Creation? | Paul4innovating's Blog
