Science
How COVID-19 is accelerating the shift away from fossil fuels – The Next Web
Creative destruction “is the essential fact about capitalism,” wrote the great Austrian economist Joseph Schumpeter in 1942. New technologies and processes continuously revolutionize …
Creative destruction is the essential fact about capitalism, wrote the great Austrian economist Joseph Schumpeter in 1942. New technologies and processes continuously revolutionize the economic structure from within, incessantly destroying the old one, incessantly creating a new one.
Change happens more quickly and creatively during times of economic disruption. Innovations meeting material and cultural needs accelerate. Structures preventing new, more efficient technologies weaken. As the old …
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