The first steam-powered factories fundamentally changed the economic reality because wealth was no longer being grown or mined but being created en masse for the first time, which meant that all people could become wealthier simultaneously rather than in a zero-sum competition.
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Unidentified Speaker — The Most Important Economic Schools of Thought | Economics … [o6UXRZ2XwgU]Evidence Quote
“The first steam-powered factories had sprung into existence and for the first time ever, wealth was not been grown or mined it was being created en masse.”
Created: 8/11/2026, 1:43:55 AM
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