Why did FDR drop Henry Wallace from the 1944 Presidential Ticket?

In July 1944, a little over a year before WW2 ended, President Franklin Delano Roosevelt looked tired and sick. Publicly, he was taking a month-long rest under the guise of war planning. Privately, he was diagnosed with severe hypertension, heart disease, cardiac failure, and acute bronchitis. The stress of leading a nation at war, rehabilitating… Continue reading

Competition creates innovation: Creative Destruction & America’s problem

In the early 1940s, Joseph Schumpeter, a Harvard economics professor, was researching business innovation. At this time, innovation wasn’t really something that was studied, it was just something that occurred. Outside of Bell Labs, no organization seemed interested in investigating how great ideas came to be, and how they were scaled to society. Schumpeter was… Continue reading