Mostly Cloudy77° FULL FORECASTMostly Cloudy77° FULL FORECAST
Make us your home page

Who's Mitt Romney?



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 9:33pm]


Join the discussion: Click to view comments, add yours