“Creative Destruction” is the term given by noted Austrian Economist Joseph Schumpeter to the process in which new firms

replace old firms. Entrepreneurship is therefore both creative

(brings about new things for the future) and destructive (destroying old ways in the process). A strong case can be made that technology is accelerating the pace of this process. In this episode, Claudia speaks with Dr. Russell Sobel, Professor of Economics & Entrepreneurship at The Citadel, to explore this process, why it is important, how economies can best cope with it, and the political battlegrounds it creates.