Sublime

Some highlights have been hidden or truncated due to export limits.

Some highlights have been hidden or truncated due to export limits.

By zeroing in on this one critical issue something might have been accomplished.

Companies used to build their businesses by monetizing stocks—hard fixed assets like factories and heavy equipment. Hagel and Brown show that knowledge stocks—trade secrets, patents, licenses, copyrights, know-how—are depreciating at an accelerated rate because new knowledge in the world at large is increasing at such a rapid rate.

We need exponentially less of the degenerative forms of capitalism and exponentially more of the increasingly resilient and regenerative forms.

Now is the time to reinvent consumer finance with the same spirit of creativity. We should learn to do for hunting individuals in the Entrepreneurial Age what Henry Goldman did for retailers a century ago: provide them with access to capital not based on what they own (the old paradigm of homeownership for settlers), but on what they might earn in

Vast amounts of money were generated at the start of the era, and most of it is in the hands of investment firms and individual investors, defined as people who have more money than they need to live. At the same time, as innovation has slowed, so has business formation. Opportunities to invest without large multiples have decreased, and those who