Category: economic transformation

economic transformation

Creative Destruction…America’s Losers and Winners

American Dispatch The Daily Friend August 9, 2026 Creative Destruction: America’s Losers and Winners OPINIONS    – LISTEN TO THIS Joseph Schumpeter in 1942 coined the term creative destruction where innovation renders old economic models obsolete.  Technology marches on. Embrace the new or die. Companies that are slow or fail to adapt die slowly or suddenly. Textiles are an example. In early 19th century New England there were dozens … Continue reading Creative Destruction…America’s Losers and Winners

Unknown's avatarBarry D. WoodLeave a comment
angela merkel, berlin wall, communism, economic transformation, http://schemas.google.com/blogger/2008/kind#post, IMF, jeffrey sachs, leszek balcerowicz, peterson institute of international economics, ussr

Poland’s Extraordinary Transformation

WASHINGTON:  Twenty-five years ago this autumn two remarkable events took place in Washington. On September 27th, 1989 in the musty embassy ballroom of the Polish People’s Republic on upper 16th Street, Leszek Balcerowicz, finance minister in the new non-communist government, outlined a plan to transform Poland’s economy from communism to capitalism. Shock therapy would be launched in three months. Balcerowicz’s message was breathtaking.  Prices would … Continue reading Poland’s Extraordinary Transformation

Unknown's avatarBarry D. WoodLeave a comment