Reading this, I found it necessary to remind the community of what Creative destruction meant.
It is an idea coined by Joseph Schumpeter, an economist and political scientist- that in a capitalistic society, "the old way" of doing things is constantly getting destroyed by a newer and better alternative.
It is the reason why Netflix is more relevant as opposed to Blockbuster.
Reading this, I found it necessary to remind the community of what Creative destruction meant.
It is an idea coined by Joseph Schumpeter, an economist and political scientist- that in a capitalistic society, "the old way" of doing things is constantly getting destroyed by a newer and better alternative.
It is the reason why Netflix is more relevant as opposed to Blockbuster.
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