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 episode digs into this question through the lens of a concept called “Creative Destruction,” a term coined by famed economist Joseph Schumpeter.

Chapters

Intro: 00:00:04

Chapter One: What is Creative Destruction? 00:05:37

Chapter Two: Innovation or Iteration? 00:11:59

Chapter Three: The so-called disruptors. 00:17:45

Bring it home, Max. 00:24:42

Post Show Musings: 00:27:18

Book Love: 00:28:03

Outro: 00:37:03

Resources

TechCrunch: Is Silicon Valley really losing its crown?

The Guardian: The disruption con: why big tech’s favourite buzzword is nonsense

FRED Economic Data: Federal Funds Effective Rate (FEDFUNDS)

Book Love

Joseph A. Schumpeter: Capitalism, Socialism, and Democracy

Philippe Aghion: The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations

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