Orlando Sentinel’s Central Florida 100: PRICE OF PROGRESS

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One by one, they’re coming down. As I read David Whitley’s article on the legacy of Ronnie’s Restaurant, which closed in 1995 after 39 years, the razing of the Ice Cold Auto Repair Shop behind the iconic giant speedometer on Colonial Drive to give way to a Starbucks, the demolition of the Sears store at Fashion Square and countless other economic shifts, it continues to remind me that Joseph Schumpeter, at the front end of Austrian economics over 100 years ago, had it right when he labeled economics “creative destruction.” It’s worth remembering that competition drives innovation, and with innovation, everyone wins.

Originally posted for the Orlando Sentinel’s Central Florida 100.

Image source: www.audible.com

 

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