Most associated with economist Joseph Schumpeter, creative destruction is the idea that “disruptive” innovations arise from the introduction of ideas that shake up the status quo. Elon Musk and the companies seem to be disruptive innovations that partake in this creative destruction. For example, Tesla rattled the giant car companies of Detroit that were slow to switch to electric and self-driving vehicles, while Solar City aims to dominate the fossil fuel industry by providing widespread access to solar energy. Read full article here
Research
Improving media literacy could boost trust towards the news, IMPRESS report suggests
The UK media is regulated by the likes of IPSO and Ofcom. The report by press regulator IMPRESS highlights the link between low levels of media literacy and trust in the news. The study found that three quarters of those who did not know if journalists were regulated did not trust the news. It suggests that improving media literacy is one way to stem the erosion of trust, and shows that audiences have an appetite for information on news processes. Stakeholders need to collaborate in order to rebuild trust in the news, and independent media is well placed to do this. Read full article here
Merv
February 1, 2023
