Excellent essay. But many present day disruptions are aimed at extracting more rent from an unwitting population. It is the Uberization of the Economy. It is not Schumpeter's "Creative Destruction", it is just creative extraction. Not to mention the assignment of property rights to the public patrimony (e.g., the internet).

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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