Power & Market

You May Run From It, But Disruption Is Going to Occur All the Same

Elon Musk has a reputation for blazing trails. Whether it’s electric cars, a cave rescue or space travel, the billionaire business mogul has no problem doing things his own way.

Education is no exception. Since 2014, Musk has operated Ad Astra, a nonprofit school at SpaceX headquarters. Students explore everything from AI to robotics without any set class structures or grades. They can even opt out of subjects they don’t enjoy.

This sort of innovation is, sadly, absent from many areas of our education system. Education technology companies have transformed classroom experiences, but layers of bureaucracy have made it a challenge to explore truly new and innovative methods of teaching students. As is the case in most industries, it’s easier to rely on the way we’ve always done things than to try to reinvent the wheel.

When entrepreneurs observe this sort of static situation, they begin to dream up ways they might be able to disrupt a marketplace. A lack of innovation presents an incredible opportunity for individuals who are able to see things differently.

Entrepreneurs will find ways to disrupt every industry -- it’s simply a matter of time. The lingering question is whether organizations will embrace the evolution or fight tooth and nail to avoid change. Disruption might be an inevitability, but industries that stubbornly stick to the old way of doing things are only making the process more painful.

Read the full article at Entrepreneur.
All Rights Reserved ©
Image Source: pixabay
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute