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Professor Bourbaki, IMG_0344, 2013. |
The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumer’s goods, the new methods of production or transportation, the new market, the new forms of industrial organization that capitalist enterprise creates. (…) [These changes] illustrate the same process of industrial mutation – if I may use that biological term – that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.
J.A. Schumpeter, Capitalism, socialism and democracy. London; New York: Routledge, 2013. (p.82-83)
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