where i begin to differ is that in schumpeter's account, things always turn out well. entrepreneurs always in fact, if they fail they're just a lemonade. if they succeed they are de facto bring in a new world. well, my entrepreneurs fail at bringing in a new world and they also fail and make a whole lot of money. and that became the puzzle for me as i went on. i agreed with schumpeter but i didn't see the same results coming out of it and i really wanted to understand why, how this process really worked. why virtually every railroad i've looked at ended up going bankrupt. many of them go bankrupt not once but twice. some of the highchairs go bankrupt three times in the spirit of 10 years. they are widely hated, and they cause all kinds of political, social and environmental problems, yet the men who run them grow immensely wealthy. and that became a puzzle for me. that became the central puzzle of the book. how exactly does the system work. because for schumpeter if you feel you are supposed to bear the burdens of your failures. my guys feel by any usual measure, but t