Virulent Word of Mouse

September 24, 2009

Illustrating the destructive part of creative desctruction


I love creative destruction. But, truth be told, it is more fun to ignore the destructive part and focus on the creative part.

Ah, but sometimes we should be sober. Like most economists, I believe in the power of uncoordinated competitive interplay among firms. Except when it goes real sour. Which it does occasionally.

And that gives me some pause.

Here is a story spotted by Kennedy Elliott. It is a sour story, told by Chris Anderson, editor of Wired. This events are straightforward enough. Three newspapers — one of them very new and digital, etc — got into a destructive price war, which turned into a war of attrition in which nobody quit. With very ugly results. It is impossible to read without flinching and saying “ouch!”

Worth a read if you are in the right mood.

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: