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  • Schumpeterian creative destruction – the rise of Uber and the great taxicab collapse 

    In 1942, economist Joseph Schumpeter described “creative destruction” as a “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” There probably hasn’t been a better example of Schumpeterian creative destruction in...

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  • Dear Americans: You Are All Rich

    I have made the point a number of times that the bottom 20th percentile (in term of income) of US families would actually be in the 80th percentile in many other countries. Source: Dear Americans: You Are All Rich | Coyote Blog

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  • The end of cancer – Vincent DeVita & Elizabeth DeVita-Raeburn – Aeon

    Attacking multiple hallmarks at the same time requires that we do complex clinical trials of a new kind. We can randomly combine a variety of drugs to try to attack multiple hallmarks simultaneously, but the analysis of such studies would be a statistical nightmare....

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