In an opinion column in the Wall Street Journal, Alan Greenspan, former chair of the Federal Reserve, and Adrian Wooldridge, an editor at the Economist, argue, “The key to America’s success lies in its unique toleration for ‘creative destruction,’ the destabilizing force described by the economist Joseph Schumpeter in 1942.”

a. What is the success that the authors are referring to? Why might creative destruction be the key to that success? 

b. Why does “creative destruction” need to be tolerated? If it leads to a country’s success, shouldn’t everyone in the country support it? Briefly explain.