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NewsForge: ‘Creative Destruction’ and the Future of the Software Industry

[ Thanks to st1d for
this link. ]

“The way that software is being produced and acquired is
changing rapidly. The availability of high quality software, often
for no licensing costs and with very user-friendly license terms,
is challenging commercial companies producing products in the same
software category. This new type of software is called either Free
Software or Open Source Software (it will be referred to in this
document as Free/Open Source Software) and is being attacked by the
incumbent software product vendors as if it were a threat to the
free market itself. The software industry is actually going through
a well-known free market process that was first identified by the
famed economist Joseph A. Schumpeter in 1942. It is called the
process of creative destruction…”

Complete
Story

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