A. Barton Hinkle on Solar Power Threatening Public Energy Utilities
Never underestimate the power of creative destruction—what economist Joseph Schumpeter called capitalism's "essential fact." The pages of history are littered with the skeletons of industries left behind by innovation.
Public utilities certainly are not underestimating it. As A. Barton Hinkle reports, power company executives consider rooftop solar systems a grave threat to the electricity industry. In other words, bring on the creative destruction.
