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"Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.\u201d\xa0- Prateek Goorha & Andy Edstrom\n\nToday we are digging into the evolution of the economy and the cycles of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself?\n\nCheck out the article, plus the others mentioned in today's episode for further exploring the cycles of Bitcoin, innovation, and society:\nThe Schumpeterian Bitcoin Cycle:\nhttps://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf\n\nBitcoin and the Rhythms of History - By Brandon Quittem:\nhttps://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/\n\nCheck out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure!\n\u2022 The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up.\n\u2022 And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message