The Case for Convergent Capitalism

Abstract

Joseph Schumpeter once argued, “Creative destruction is the inevitable companion of capitalism.” The late Harvard economist predicted that the rise of giant corporations would lead to an economic collectivism (in his words, “a sober kind of socialism”) and, with it, the demise of the free enterprise system.

Citation

Heenan, D.A. (1988), "The Case for Convergent Capitalism", Journal of Business Strategy, Vol. 9 No. 6, pp. 54-57. https://doi.org/10.1108/eb039272