Tag Archives: Creative Destruction

“Creative destruction” is a common phrase used in economics. One simple example that’s in the news a lot lately, is the phenomenon of Amazon.com. Since it launched in 1994, countless small books stores have been put out of business, and at least one large chain, Borders, has closed. That’s the destruction part. The creative part is the locating of new distribution centers all over the country — Illinois has been trying to land one as this article gets posted. The benefit to consumers is that within minutes, customers can find the book (or whatever) they want online and have it …