creative destruction
nounEtymology
Calque of German schöpferische Zerstörung, popularized by economist Joseph Schumpeter.
- calqued from schöpferische Zerstörung
Definitions
The process of industrial mutation that continually revolutionizes the economic structure…
The process of industrial mutation that continually revolutionizes the economic structure from within.
- Like all major industrial advances, the telecomputer is an instrument of creative destruction. All the likely victims are mobilizing to prevent their own destruction. It is unsure how soon the creators will win.
- If creative destruction allows fast economic growth without generating serious inflation, then it might make sense, for example, to put high values on the shares of companies that will do well in such an unusual environment.
The neighborhood
Vish — recursive loop
No curated loop yet for creative destruction. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA