David Joseph Hoppock is a freelance and healthcare technology specialist. He has 3+ years of experience writing about personal finance. David Kindness is a Certified Public Accountant (CPA) and an ...

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 ...

As many as one-third of all U.S. public companies could disappear in the next five years. Just look at what’s going on in today’s energy sector. The concept of “creative destruction,” introduced in ...

The Dispatch is a digital media company featuring conservative, fact-based news and commentary. What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still ...

People who don’t much like modern capitalism, American-style, can take comfort in the pessimism of Joseph Schumpeter. In his 1942 book, Capitalism, Socialism, and Democracy, the Austrian economist ...

IBM Corp. (NYSE: IBM) is celebrating its 109th year. That’s an astonishing achievement for any company, let alone one in the dynamic technology sector. “Big Blue” is a remarkable exception in a world ...

This book review is a web exclusive for the Spring 2025 issue of The Independent Review. As the world enters what will surely prove to be the Age of AI, understanding what the economist Joseph ...

Just how creative is Schumpeterian creative destruction? Does innovation and technological disruption just create new corporate winners or losers, or does the overall economy benefit? Coauthored by ...

Economist Joseph Schumpeter called creative destruction—the process by which the economy grows via innovation that disrupts incumbent businesses—the “essential fact about capitalism.” But though there ...

When products disappear from the market with no substitutes from the same manufacturer, they may have been replaced by cheaper or better products from a different manufacturer. Official measurements ...