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Daily Archives: September 29, 2017
Who’s this ‘middle class’ anyway?
For someone with hundreds of millions of dollars, like ex-Goldman alumnus Cohn, $30 to $45k is a rounding error. But for a so-called financial wizard advising the government purportedly on how best to ‘help the middle class’, it’s revealing and … Continue reading
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Why do so many smart people not see incoming ‘disruption’ and change?
Joseph Schumpeter popularized the economic concept of ‘creative destruction’ in the 1950’s and spoke of the vigorous push back from threatened incumbents: “To undertake such new things is difficult and constitutes a distinct economic function, first because they lie outside … Continue reading
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