Alternative Name
Per the following text, this process is also known as Schumpeter's Gale:
The opening up of new markets and the organizational development from the craft shop and factory to such concerns as US Steel illustrate the process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one ... must be seen in its role in the perennial gale of creative destruction; it cannot be understood on the hypothesis that there is a perennial lull. —Joseph Schumpeter, Capitalism, Socialism and Democracy, 1942Read more about this topic: Creative Destruction
Famous quotes containing the word alternative:
“If you have abandoned one faith, do not abandon all faith. There is always an alternative to the faith we lose. Or is it the same faith under another mask?”
—Graham Greene (1904–1991)
“If the alternative is to keep all just men in prison, or give up war and slavery, the State will not hesitate which to choose.”
—Henry David Thoreau (1817–1862)