The Intangible Economy with Jonathan Haskel + Roe v Wade & Corporate America
Capitalisn't
00:00
The Nature of Capitalism Is Not Walking, Right?
In the old days, what economies and firms would do is they did invest in very tangible assets. But now most developed economies are moving towards companies investing in many more intangible assets. We mean by that things like r and d, things like software, things like design, a reputation,. The kind of internal organization of firms that makes wallmart somehow very different from k mart. And this impedes to some extent, winner take all phenomenon once you remove all the friction.
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