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Analysis - Creative Destruction

As high street names close for good, Phil Tinline asks if such failures are necessary for future growth. Or is 'creative destruction' a comforting delusion, not a saving grace?

In the last few weeks a number of high street names have closed for good. In Analysis Phil Tinline asks whether, amid the gloom, there is a reason to celebrate. The economist Joseph Schumpeter first coined the phrase "creative destruction" in the 1940s. Innovation he believed causes the death of established businesses and leads to new opportunities. So, are company failures necessary for future growth? Or is "creative destruction" a comforting delusion, not a saving grace? Producer : Rosamund Jones.

  • Broadcast on BBC Radio 4, 9:30PM Sun, 17 Feb 2013
  • Available until 12:00AM Thu, 1 Jan 2099
  • First broadcast BBC Radio 4, 8:30PM Mon, 11 Feb 2013
  • Categories
  • Duration 30 minutes

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