This satellite picture shows how San Juan, Puerto Rico used to sparkle at night: But since Hurricane Maria, no more: Currently, 10% of the island has power. So there is little running water and few flushing toilets. Similarly, air conditioning…
When the development of cellophane let us have self-service shopping for meat and produce, it started a retailing revolution.
The retail unemployment caused by the decline of J. Crew and other beloved mall stores relates to a structural change in their industry.
Surprisingly significant, the EU’s opposition to blue wine reflects how regulation constrains the innovation that creates productivity and economic growth.
U.S. stock market history from 1900-2015 shows how the diminishing dominance of industries like railroads reflects innovation and creative destruction.
Technological innovation as a growth engine that leads to creative destruction can come from food processing discoveries from the military.
Through incentives that encourage participants to solve design problems, contests can use the benefits of crowdsourcing to stimulate innovation.
Cited when discussing innovative entrepreneurs who invent new ideas, Joseph Schumpeter’s creative destruction applies to food trends that come and go.
Bringing innovation to speed eating, hot dog eating champ Takeru Kobayashi displayed the characteristics of any entrepreneur.