At least when not completely hampered by government via crony-capitalism and rent-seeking. But it’s amazing how well it works even in spite of that most of the time. Remember just a few short years ago when it seemed like RIM and Blackberry…
Tag Archive for Creative Destruction
Creative Destruction and Playing Cards
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Two great reads, both thanks to Dr. Boudreaux at Cafe Hayek. Well-worth your time. From Sears to Britannica, creative destruction rewards change – The Washington Post: By the middle of the 20th century, Sears, Roebuck had come to town as…
Kodak / Rochester Link Round-Up
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Various stories on the subject from around the Web. And as Dr. Boudreaux has noted ( Bankruptcy Doesn’t Equal Death – WSJ.com ), once bankruptcy is declared, the jobs, resources, IP, buildings, etc. don’t just disappear overnight, or turn into…