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The reason capitalism is an evolutionary process, he says, is because of the constant spew of new consumers’ goods that are put on the market, new systems of production and/or transportation of all goods, creation of new markets, and new methods of industrial organization. All of these things are creating new goods, or different ways of using and handling them. Schumpeter states that all of these things are ways that capitalism transforms the formation of the economic structure “from within,” which continuously creates new structures of the economy while at the same time destroys the old, previous structure that stood before it...
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