“When government will expropriate any wealth that people create, the present value of future output can actually be less than the value of the country's tangible resources. The power of predatory government to destroy wealth is truly awesome.”

Slavery never produces (quantity / quality) as much as laissez faire free economy. The 2nd plank of the communist manifesto is a most heinous tool used by predatory government which in turn, destroys wealth.

Think Venezuela, and every other crash of totalitarian governments around the world.

Value subtracted by manufacture.

The utter undoing of the Soviet Union and other similarly misbegotten polities.