Creative Destruction - Populist Conservatism #4

The real magic of free markets does not come from supply and demand, but from the division of labor. Takes a look at standard oil, Jospher Schumpeter's concept of creative destruction, flightless birds on islands, and why Marx's prophecy that workers would seize control of factories failed.

Chapters:
0:00 The Division of Labor
6:32 Creative Destruction
16:51 Standard Oil
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