Creative destruction Quote by Daron Acemoğlu
““A remarkable thing about new technologies in the Roman period is that their creation and spread seem to have been driven by the state. This is good news, until the government decides that it is not interested in technological development—and all-too-common occurrence due to the fear of creative destruction.””
About This Quote
Source Article: Economic History Review, 2020
State drives tech creation in ancient Rome, but fear of disruption can halt progress.
In simple terms: State supports tech, but fear can stop it.
Key Takeaway
Beware of political fear stalling innovation.
Themes
technology
state
innovation
Mood
cautious
analytical
Type
philosophical
critical
When to use this quote
- government funding decisions
- regulatory reviews
- industry lobbying
Key Concepts
public policy
creative destruction
historical tech diffusion
Questions to Reflect On
- What safeguards can protect innovation from political fear?
- How can governments encourage sustainable tech growth?
A Different Perspective
State may suppress private initiative.
