Producers really are slaves to their consumers. Destruction & Production can be called Power & Market. Technology like the printing press was initially feared. It would put scribes out of business. Technology describes each generation in our human-built world.
Entrepreneurs emulate and compete in the market, improving in small steps existing production. Patents and regulations restrict the free flow of information.
Presented by Jeffrey Tucker at the "Economics for High School Students" seminar. Recorded at the Mises Institute in Auburn, Alabama; 20 November 2009. Sponsored by Jeremy S. Davis.