Tag: creative destruction
-
Creative destruction
WotD: Creative destruction Creative destruction is a term coined by economist Joseph Schumpeter to describe the process of innovation and technological progress that leads to the demise of old industries and the birth of new ones. It is an essential aspect of modern capitalism and has been responsible for the unprecedented economic growth and prosperity that…
-
You have to break a few eggs to make an omelette
Proverb: You have to break a few eggs to make an omelette Yes, I know it’s sad, especially if you’re an egg, but it’s true: you have to break a few eggs to make an omelette. While you may consider that a straightforward statement of fact, there’s a little more to the expression than meets the eye.…
