Sunday, February 15, 2015
Andrew Johnson, Chapter 2, Question #2
Wheelan points out a sombering thought that incentives drive destruction. Being that I am looking to continue my career into the realm of engineering, my incentives will be centered around designing products that will out perform other's products, maybe to the extent of shutting down other's businesses (or vise versa). I recognize that competition drives creativity and technological growth (thus the total economy), I just always believed that competition was only destructive, when in reality, the costs of destruction are less than the benefits of the gains from the products produced by competition.
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