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Politicians often impose impediments to the forces of creative destruction by regulating entry and exit rules [73] that make it difficult for churning to take place.
Creative Destruction: Political and Administrative Challenges in Preserving the Public-Private Mix As political pressure for affordable universal coverage intensifies, various proposals have been crafted to improve the system without sacrificing the role of the private sector. Some analysts view the preservation of a mixed public-private system ...
Introduction. Joseph Schumpeter's observation that the essential fact about capitalism is in the 'perennial gales of creative destruction' is arguably one of the most insights of modern economics.
Generically, underdeveloped and politicized institutions are a major impediment to a well-functioning creative destruction process, and result in sluggish creation, technological sclerosis,' and spurious reallocation.
- Ricardo J. Caballero, Mohamad L. Hammour
- 2000
To start, the familiar set of commitment and stability benefits stemming from entrenchment in many different contexts, ranging from sovereign debt to environmental stewardship, complicates the common (if not consistent) public law intuition that impediments to political change should be suspect.
We take the notion of creative destruction from the Austrian political economist Joseph Schumpeter, who used the term to capture ongoing structural changes in capitalism, to help us think about how structural changes in the media impact democracy.
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Sep 30, 2021 · Non-productive strategies, such as the firms’ reliance on political connections, non-productive patenting, or anti-competitive acquisitions, are often aimed to increase a firm’s competitive advantage by blocking creative destruction and reallocating resources away from other firms.
