Schumpeter identified these cycles of creation and destruction as being the primary growth drivers in capitalisteconomies.
FORBES: Steve Jobs: Create. Disrupt. Destroy.
2.
But while change is a given in capitalisteconomies, in an economy built on technology, and free from many physical restraints, change goes into overdrive.
FORBES: Steel Versus Silicon
3.
Unlike eastern Europe, all Arab countries (those with oil wealth and those without) have capitalisteconomies, in which prices and private enterprise play a big role.