Light Rain79° WeatherLight Rain79° Weather

Who's Mitt Romney?

30

August

Barton Gellman in this week's Time: Twelve times in No Apology, he embraces "creative destruction," a phrase coined by the economist Joseph Schumpeter to make the case for discarding unproductive jobs and businesses in order to free up capital for innovation. "Creative destruction is unquestionably stressful -- on workers, managers, owners, bankers, suppliers, customers and the communities that surround the affected businesses," Romney writes. "The pressures these groups put on political leaders to block game-changing innovations can be intense."

[Last modified: Thursday, August 30, 2012 10:33pm]

    

Join the discussion: Click to view comments, add yours

Loading...