Beware creative destruction

Risk analysis

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"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

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