3. The Austrian economist Joseph Schumpeter coined
the term Creative Destruction.
To Schumpeter, growth in a capitalist society
happened through the introduction of innovations,
which in turn create chaos and structural change in
society.
4. The Austrian economist Joseph Schumpeter coined
the term Creative Destruction.
To Schumpeter, growth in a capitalist society
happened through the introduction of innovations,
which in turn create chaos and structural change in
society.
The shift from analogue to digital photography is a
schoolbook example of creative destruction.
5. The Austrian economist Joseph Schumpeter coined
the term Creative Destruction.
To Schumpeter, growth in a capitalist society
happened through the introduction of innovations,
which in turn create chaos and structural change in
society.
The shift from analogue to digital photography is a
schoolbook example of creative destruction.
This presentation combines some quotes f
h b from
Schumpeter with images of how the camera industry
has been transformed.
h b f d
12. The shift to digital imaging enabled people to take an
The shift to digital imaging enabled people to take an
infinite amount of photos at no cost, and made it much
easier to share them.
But it did so by creating ugly, vandalized buildings like the
former Kodak site, where film used to be finished.
13. “The capitalist process, not by coincidence but by
The capitalist process, not by coincidence but by
virtue of its mechanism, progressively raises the
standard of life of the masses. It does so through a
sequence of vicissitudes, the severity of which is
proportional to the speed of the advance. But it
does so effectively. One problem after another of
d ff ti l O bl ft th f
the supply of commodities to the masses has been
successfully solved by being brought within the
successfully solved by being brought within the
reach of the methods of capitalist production.”
19. “Individual innovations imply, by virtue of their nature, a
“I di id l i i i l b i f h i
"big" step and a "big" change. A railroad through new
country, i.e., country not yet served by railroads, as soon as
country i e country not yet served by railroads as soon as
it gets into working order upsets all conditions of location,
all cost calculations, all production functions within its
, p
radius of influence; and hardly any "ways of doing things"
which have been optimal before remain so afterward.”
30. Christian Sandström is a PhD
student at Chalmers
student at Chalmers
University of Technology in
Gothenburg, Sweden. He
Gothenburg, Sweden. He
writes and speaks about
disruptive innovation and
technological change.
Find out more about Kodak and digital imaging:
www.christiansandstrom.org