But how did they create it? Did they do it the way the government does it? You actually supplied the answer already:
offering a product that people wanted to buy [in other words, creating supply that didn't exist before]I remember during the economic downturn of 2002-2003, everybody was complaining about too much supply of dark fiber. The solution was to create a new supply of online content, faster computers, and faster networking equipment. Thanks to all that new supply, there is plenty of demand to fill what used to be an oversupply of dark fiber.
We need more investment, innovation, and more supply of things people want. That's what will get our economy going again and create jobs, not more demand side stimulus and subsidies from the government.
I was not advocating for more government.
Actually, I thought I was supporting and advocating the free market system we sometimes have in this country.
What you described is what has raised the living condition standards of everyone in this country.