
Charles N. Steele
Professor and lecturer presenting Lesson 6 of the Understanding Capitalism course, focusing on technology, resources, and how capitalism expands the resource base through innovation and entrepreneurship.
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Jun 4, 2025 • 29min
Understanding Capitalism: Technology and Resources
Charles N. Steele, professor and lecturer on political economy, presents Lesson 6 on how technology and entrepreneurship transform materials into resources. He discusses knowledge as the engine of endless innovation. Short stories range from pelletized iron and fracking to fiber optics replacing copper. Markets, property rights, and price signals guide conservation and resource expansion.


