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The process of Creative Destruction is the essential fact about capitalism

The process of Creative Destruction is the essential fact about capitalism The process of Creative Destruction is the essential fact about capitalism
Capitalism, Socialism and Democracy
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Capitalism, Socialism and Democracy
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The opening up of new markets, foreign or domestic, and the organizational development from the craft shop to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.

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Netflix is one of the modern examples of creative destruction, having overthrown disc rental and traditional media industries—now being known as the “Netflix effect” and being “Netflixed.”

By lbreedlove71 | 11/10/2020

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The transition from the industrial revolution to the use of oil and until we get to today’s highly technological society where renewables are growing exponentially.

By emati-ne | 11/10/2020

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Companies specializing in photography or photographic films such as Kodak or Fujifilm, whose activity has largely been replaced by digital and the advent of the smartphone  - and applications such as Instagram, which has established itself as a new way to be "consume" photos.

By ochialyt | 11/10/2020

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