creative destruction
(en)
the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"
Disruption may be considered the neoliberal version of ‘creative destruction’: more ruthless, more out-of-the-blue, and less willing to take prisoners or accept delay in order to be ‘socially compatible’.
notable
9 years ago