October 24, 2012
Our nation is better because we create better. We innovate. We try new things. We risk failure. But when we fail, we pick ourselves up and we try again. We create new business models and they succeed. And then newer models come along and destroy them.
One example is television broadcasting, which blossomed for years until cable TV came in and quickly took market share. Then satellite was launched, and it stole some of cable’s share. Now fiber and wireless networks are delivering broadband entertainment to millions of Americans.
The same happened for retailers. Walmart, Target, Best Buy and RadioShack became destinations for Americans wanting a great deal. But then Amazon and eBay created new business models and enticed many of those same Americans away from the shelves to their computers.