Comments on: Schumpeter’s Gales Of Creative Destruction

By: Fiona Mati

Fiona Mati — Mon, 22 Sep 2008 07:35:06 +0000

Schumpeter’s creative destruction theory is a reality here in Kenya where I live.

Where before companies were bloated, nowadays most of the enterprises are small and medium. Entrepreneurs have had to be innovative in how they ensure their business survival.

For instance, if one walks around Nairobi’s central business district, you find many retail stalls instead of established shops. One thing these stalls have in common is that they either sell electronics or clothing , and are mainly managed by youth entrepreneurs.

By starting small these enterprises have changed the way business is done in Kenya.

By: John

John — Wed, 17 Sep 2008 22:40:35 +0000

From what I’ve read Schumpeter rather feared that regulation would harm capitalism.

Something you’ve got to hope the regulators take into account…

By: Thriveal

Thriveal — Wed, 17 Sep 2008 21:57:26 +0000

I agree. These economic forces make our economies what they should be in the long run, though the short term pain we have to go through seems hardly worth it.

We are struggling here in America, as well I believe you are in the UK. We will survive…

…if the regulators let the market do its job.

Thanks, Jason M. Blumer