Has “Creative Destruction” Reached Silicon Valley?

The Capitalism Trap.

Silicon Valley is in a slump. For all the talk about innovation, there’s a real question as to whether the U.S. tech sector is really all that innovative. Today’s essay digs into this question through the lens of a concept called “Creative Destruction,” a term coined by famed economist Joseph Schumpeter.

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A colorful explosive burst in the sky.