alt Hacker NewsOK. We were told creative destruction is good, if some companies exit the market and are replaced by others that offer better value then resources are being allocated more efficiently, no?
OK. We were told creative destruction is good, if some companies exit the market and are replaced by others that offer better value then resources are being allocated more efficiently, no?
Just like other companies came along and offered a better Sears catalog when the internet killed their revenue?
People don't voluntarily lose money. Understand that and the world will way more understandable.