For industry to grow, it must die (Hazlitt)
April 10th, 2007 | Published in Business, Economics, Quotes
The idea that an expanding economy implies that all industries must be simultaneously expanding is a profound error. In order that new industries may grow fast enough it is usually necessary that some old industries should be allowed to shrink or die. In doing this they help to release the necessary capital and labor for the new industries.
–Henry Hazlitt, Economics in One Lesson (1946), 86