The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation–if I may use that biological term–that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. It is what capitalism consists in and what every capitalist concern has got to live in. . . .
I took the photos below last week near my house. Times gave gotten tougher–there are more of these boarded-up places around. I’m planning to revisit these locations over the next year or so and see what, if anything, these two sites turn into.