This May Not Be A Bubble, But Creative Destruction
2026-03-05 02:00:00 ET
While some analysts argue, some of them with very good information, that an AI bubble is bursting , I think creative destruction is the main reason for the 2026 uncertainty, beyond the impact of geopolitical conflicts. Creative destruction is a concept developed by Joseph Alois Schumpeter to describe how innovation makes a business more efficient. At the beginning, it might be destructive to lose a job or a company closes. But in the end it can turn into something more creative because it frees up capital for more productive sectors....
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