Thanks to the Federal Reserve and other destructive creations of government, the process of creative destruction rarely takes root in American soil anymore.

FORBES: Give Creative Destruction A Chance

More important, as Schumpeter argued, recessions are a process of creative destruction in which inefficient firms are weeded out, releasing resources for more productive firms.

ECONOMIST: Should we learn to love recessions?

In the process of creative destruction the ladder has been kicked away and for increasing numbers of people a middle-class existence is no longer even an aspiration.

BBC: A Point of View: The revolution of capitalism

This process of creative destruction that sends an entrepreneur back to the drawing board is one that many budding entrepreneurs shy away from but Aryeh and Miri revel in the process.

FORBES: The Importance of 'Pivoting'

This can bring to bear a cruel process of creative destruction on entrenched competitors without the willingness or vision to change, but in our current economic landscape, it can offer a steady flow of more efficient business endeavors that inspire imagination and eliminate unnecessarily inflated costs.

FORBES: The Ultimate Broker

In the capitalist process, described by Joseph Schumpeter as waves of creative destruction, billionaires appear and disappear all the time.

FORBES: Billionaires

What all of these radical visions share is a de-centering a questioning of the dominent paradigm the destruction within the creative process.

FORBES: For Radical Innovation, Nature Loves A Vacuum

Another example: Almost everyone today is aware of the phrase of another Austrian-born economist, Joseph Schumpeter: "creative destruction, " which describes the process in a capitalist economy whereby new technology and new companies messily supplant the old.

FORBES: Fact and Comment