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If Innovation Is Happening, Where Is The Creative Destruction?

The Horizons Tracker

One would assume that if the engines of innovation are working as the hype suggests, Schumpeter’s famous creative destruction would be happening at a rate seldom seen before. If we worry that large companies can influence politics, how do we improve democratic institutions?” “Corporate concentration (e.g.,

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The Real Reason Superstar Firms Are Pulling Ahead

Harvard Business Review

They’re also more profitable, more innovative, and they pay better. Are they out-competing their rivals, or are they using their size and influence to avoid competition altogether? They’re more productive, as the chart below illustrates. But why are these companies doing so well?