this rolling massacre of the corporations..........

In Race Against the Machine, Erik Brynjolfsson and Andrew McAfee conjectured that this frenzy of innovation has been a major reason for the stagnant economic growth since 2008.  "The root of our problems is not that we're in a Great Recession or a Great Stagnation, but rather that we are in the early throes of a Great Restructuring," they argued.  "Our technologies are racing ahead but many of our skills and organizations are lagging behind." . . . Half the firms listed on the Fortune 500 in 1999 had dropped out by 2009.  According to Richard Foster, the average lifespan of a company on the S & P 500 has declined from 67 years in the 1920s to 15 years today. . . . The public has been perfectly indifferent to this rolling massacre of the corporations.  And it should be:  out of the carnage, it gets what it wants.  Some companies deliver the goods.  That others tried and failed—and died—is of little consequence.

-Martin Gurri,  The Revolt of the Public