American Dispatch The Daily Friend August 9, 2026 Creative Destruction: America’s Losers and Winners OPINIONS  BARRY D. WOOD  AUG 9, 2026   – 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 … Continue reading Creative Destruction…America’s Losers and Winners