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The great divergence

The Economist reports that a group of elite firms has established a sustained lead – and it’s not a good thing. This article is centered around the “Schumpeterian mechanism”, which states that successful businesses are, as a matter of fact, standing on unsteady ground.  And while it’s true that todayā€™s leader is tomorrowā€™s failure as per the principle of capitalism, the inventors of today also make for an inherently progressive economic atmosphere. Will frontier firms be able to sustain the “great divergence” – and if so – what does it mean for everyone else?

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