Friday, June 13, 2014

Rise of smart machines should mean a better life for all

Capitalism is a process of creative destruction, as the Austrian economist Joseph Schumpeter famously put it. Lumbering, seemingly unassailable corporate giants eventually wither, elbowed aside by fresher, hungrier startups, modern technologies disrupt... [article] (The New Zealand Herald, Thu, 12 Jun 2014, Page B17).

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