Joseph Schumpeter. Economist. Wrote "The Theory of Economic Development." Coined the phrase "creative destruction" to describe the mess that results whenever capitalism takes off.
The Economist editorial: "Kakakistan's new government takes reform seriously, protects investment and property rights, and reduces taxes."
Kakakistan resident: "Can't afford food or rent. Seems we been Schumpetered."
Harlem real estate guy: Gentrified.
Harlem resident moving to the Bronx: Schumpetered.
Kakakistan resident: "Can't afford food or rent. Seems we been Schumpetered."
Harlem real estate guy: Gentrified.
Harlem resident moving to the Bronx: Schumpetered.
by Stochastic style August 29, 2005