The circle of life as it relates to nature (dead plant matter), business, and the economy is such that resources are always conserved and can never be destroyed. In the natural world there is a clear cycle of birth, growth, death, and birth. There is no waste. All resources are conserved. Even in death resources go to support new life.
As it is in the natural world so to it is in the economic world. Businesses are born, grow, perish, and new businesses are born. It takes a vast amount of resources to start a new business and attempt to provide value. Through their patronage or lack thereof only the consumers can decide if the market is well served by this new business. If the market rejects it then it is by definition an inefficient allocation of scarce resources and its best value to the market is in death. This frees up those scarce resources to be used by other intrepid and bold entrepreneurs to try their hand at serving the market.
This natural process can be interfered and meddled with only when coercion and force is introduced into this magnificently functioning symphony i.e. the State. At this point it becomes a cacophony of zombie undead institutions, artificially propped up and unnaturally maintained. Reality can be staved off only for so long. To believe resources are not scarce does not make them so. Statism is a self-destructive ideology, from whose ashes a wonder will emerge of epic proportions that will catapult human progress to the stratosphere and beyond. I look to the future with bright and hopeful eyes at what magnificent splendor awaits us.