Creative Destruction Quotes

“Stay inquisitive. Question the potential interpretation of every collected data point. Remember that every successful idea has a life cycle, and a bad idea yesterday might be reformed under changing market forces as a good idea tomorrow.”
― Ken Goldstein

“I’ve long subscribed to the notion that technology is advancing much faster than our ability to understand its implications.”
― Ken Goldstein

“Innovation has always been a catalyst of economic creative destruction, triggering the extinction of certain types of jobs while fostering the genesis of new types of jobs with new types of skills.”
― Tom Golway, Hybrid IT and Intelligent Edge Solutions

“Milk the cow, never feed her. Milk the cow, never feed her.”
― Ken Goldstein, From Nothing

“By the end of the decade many of these technologies will have crossed the chasm and become disruptive, creating a world in which people, insights, and money interact quickly, easily and cheaply, affecting nearly every industry at every level. This will have both positive and negatives, for each new wave brings a period of technological Darwinism, as creation never travels alone; its companion, destruction, always hitches a ride.”
― Sean A. Culey, Transition Point: From Steam to the Singularity

“America has been much better than almost every other country at resisting the temptation to interfere with the logic of creative destruction. In most of the world, politicians have made a successful business out of promising the benefits of creative destruction without the costs. Communists have blamed the costs on capitalist greed. Populists have blamed them on sinister vested interests. European-style socialists have taken a more mature approach, admitting that creation and destruction are bound together, but claiming to be able to boost the creative side of creative destruction while eliminating the destructive side through a combination of demand management and wise intervention. The result has usually been disappointing: stagnation, inflation, or some other crisis.”
― Alan Greenspan, Capitalism in America: An Economic History of the United States