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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