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 today’s leader is tomorrow’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?
To read more, click here.