[1rudeboy]

No guts, no glory.

[bigbob]

I remain convinced that Barone is one of the smartest guys (actually smart, not Obama-liberal-smart) on the planet. It is impossible to extrapolate future conditions from past trends in the face of disruptive technology. Otherwise who would imagine that by 2013 only 1/4 of homes would have landline phones vs. 20 years ago?

[Cicero]

I haven’t read the book, but the review is excellent. And it shows why free enterprise needs to be free. Free enterprise allows creative destruction, which keeps the economy humming and growing. Big government allows restrictive destruction, and kills any economy it is set loose on.

[who_would_fardels_bear]

Schumpeter also said that as capitalism progresses large corporations will begin to resemble large governments.

There is still some creative destruction, but within a system that is becoming over all less creative and more bureaucratic.