Beware creative destruction

Risk analysis

"This process of creative destruction is the essential fact about capitalism... Every piece of business strategy acquires its true significance only against the background of that process... [and] cannot be understood irrespective of it or, in fact, on the hypothesis that there is a perennial lull…"
Joseph Schumpeter in Capitalism, Socialism and Democracy, 1942

While Joseph Schumpeter's predictions about the future course of capitalism have proven to be flawed, his diagnosis of its essential