Creative destruction is something that our society should try to avoid, through government regulation of business.

Question

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Creative destruction, a concept in economics introduced by Joseph Schumpeter, refers to the process by which new innovations lead to the demise of older industries or products, thereby fostering economic growth and development. It is considered a driving force of capitalism and technological progress, and trying to avoid it could hinder innovation and economic evolution.

Creative Destruction Is Something That Our Society Should Try to Avoid