zlacker

Old companies die and new ones take their place. This is not a problem for society. In most cases creative destruction is a net positive.

>>nradov+(OP)
> Old companies die and new ones take their place. This is not a problem for society. In most cases creative destruction is a net positive.

That's what they say, but I don't think it's true (at the high end, at least). For instance: if Boeing dies, the market will not replace it. It'll be an Airbus monopoly for large jets, and maybe the the communists will eventually build a competitor (Comac). IIRC, it's too expesnive for Embraer to make the jump into that market.