The Economist – Schumpeter: Why America’s tech giants have got bigger and stronger
The Economist's Schumpeter column reflects on the evolution of "creative destruction," a concept introduced by economist Joseph Schumpeter. Initially, the column chronicled diverse global trends, but shifted focus to cover the soaring dominance of tech giants. Since 2019, these firms, now worth over $11.8 trillion, have far outpaced other industries in innovation and spending. While Schumpeter celebrated entrepreneurial disruption, today's tech titans exemplify how large firms can also drive relentless innovation and reshape markets.
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From The Economist, published under licence. The original article can be found on www.economist.com
© 2024 The Economist Newspaper Limited. All rights reserved.
The Economist- Schumpeter
Whatever happened to creative destruction?
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