Creative destruction in the consulting market
The Source
OCTOBER 21, 2019
Sometimes you need to break things to make them better. The Austrian economist Joseph Schumpeter likened economic innovation to “a gale of creative destruction”—the “process of industrial mutation that incessantly revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” Writing in the middle of the Second World War, he adapted Marxist ideas to argue that capitalism must devalue existing wealth if it’s to clear the decks for the creat
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