Creative Destruction
Austrian economist Joseph Schumpeter called the lifeblood of capitalism "creative destruction". As the topsy turvy business world announces more layoffs today, this concept offers some cold comfort. Brad Stone and Ashlee Vance report in the New York Times, "A Broken Business Model?" on the impact of $200 laptops, streaming TV and free software and its negative impact on the fat margins of many tech companies, but the opportunities for many others. Is the era of ubiquitous computing upon us? Read the complete article...
