Creative Destruction: The Damage Is the Mechanism
New methods can only grow by taking resources from old ones. The productivity gain and the displacement are not cause and side effect — they are the same event seen from two sides.
New methods can only grow by taking resources from old ones. The productivity gain and the displacement are not cause and side effect — they are the same event seen from two sides.
Your eye has a blind spot no engineer would design. That flaw reveals the process that built it — a process that governs markets and ideas as strictly as it governs retinas.