In his landmark book Capitalism, Socialism, and Democracy, the economist and political scientist Joseph Schumpeter coined the term “creative destruction” — the idea that in a capitalistic society, ...

What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still others, rapacity. Considering that capitalism may have begun as early as the 16 th century, in ...

Creative destruction has the innate ability to impact the future of your business. Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing ...

Creativity drives growth. Pioneering ideas and technologies raise productivity. But at a cost — they destroy older methods, products, and businesses unless they too innovate and adapt. This ...

The recent rather brutal attacks on some of America’s most prestigious universities by the president of the United States are the culmination of years of a wanton disregard by these institutions of ...

Those shaping America’s coal policy can learn something important about creative destruction, the process by which new technologies replace older ones through innovation, from the 2025 Nobel Prize ...

The traditional bastions of news media are facing a formidable challenge: protecting themselves from the very consumers they aim to serve. Confronted with the of loss of advertising revenue to tech ...

Before President Donald Trump, change came to Washington, D.C., very slowly. Now it has come in a great, big, destructive whirl. Trump’s Department of Government Efficiency deputy and fellow ...

The rapid advancement in artificial intelligence (AI) has brought us to another civilisational crossroads. As we head towards another wave of ‘creative destruction’, in Schumpeter’s terms, the rules ...