Silicon Valley and Israel, Breznitz argues, made the mistake of conflating “innovation” with “invention”. Billionaire Peter Thiel coined the term "zero to one" to describe technologies that disrupt industries, driving new markets and technologies from nothing. However, this guiding mantra kept them blind to the pitfalls of such disruption and the missed opportunities that were right under their noses.

On January 19th, 2023 the United States came face to face with the worst debt ceiling crisis it has ever seen…since 2013. The history of America’s debt ceiling can seem like an endless carousel of crises followed by hyper-partisan political standoffs and national division.

When Schumpeter first put forth his theory for capitalism’s transition to socialism in the midst of the Second World War, he believed the process was already well underway. Close to a century later, most would agree he  thought wrong.