Who wrote, "Capitalism is virtually synonymous with 'creative destruction'?"

A) Thorstein Veblen
B) Karl Marx
C) Joseph Schumpeter
D) Emile Durkheim

Creative Destruction

A concept in economics introduced by Joseph Schumpeter, referring to the process where new innovations lead to the demise of older technologies or structures.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit in a competitive market.