According to economist Joseph Schumpeter, the important economic concept known as “creative destruction” describes the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.”
Mark then provides links to the following examples:
Exhibit A: List of defunct airlines of the United StatesRead more here.
Exhibit B: List of defunct retailers of the United States
Exhibit C: List of defunct automobile manufacturers of the United States
Exhibit D: List of defunct newspapers of the United States
Exhibit E: List of defunct American magazines
Exhibit F: List of piano brand names (99.99% of these are defunct)
Exhibit G: List of defunct fast-food restaurant chains
Exhibit H: List of defunct restaurants of the United States
Update:
Exhibit I: Things that didn’t exist on Christmas 15 years ago:
iPhone
YouTube
iPad
Netflix streaming
Google Maps
Snapchat
Spotify
Android
Uber
Lyft
Alexa
Airbnb
App Store
Google Chrome
Fitbit
Waze
Slack
Square
Dropbox
Venmo
Bitcoin
Hulu
Kindle
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