Question: In capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new
In capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organization... competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives." This process is called: death by a thousand cuts.
destructive creationism.
command and control.
creative destruction.
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