Guest Thinkers — February 22, 2011

Creative Destruction in Las Vegas

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[rebelmouse-image-imported /2011/02/18413835.jpg]

Is this what Joseph Schumpeter had in mind when he coined the phrase “Creative Destruction”? Today, the Las Vegas Strip’s first mass-market casino-hotel, Stardust, was imploded to make way for Boyd Gaming Corp.’s $4.4

billion megaresort Echelon: “Hundreds of people partied beneath tents and on makeshift patios before

Boyd chairman Bill Boyd’s four grandsons pushed a plunger to detonate

the former Stardust casino. The blast generated a massive dust cloud

that chased the revelers into cars, buses and nearby casinos.”

Hey, what happens in Vegas, stays in Vegas.

[image: Yahoo! News]

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