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Creative destruction in action - the death of the music industry

Ben Christopher

2nd March 2011

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The graph below nicely illustates Shumpeter’s “creative destruction” by “showing the utter collapse of music sales during the digital era.” I’m not a music industry expert but music downloading through file sharing and use of torrents etc seems to be so widespread, I don’t see how industry revenues can ever recover from this.

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Ben Christopher

Now teaching in Dubai.

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