“In ancient times, wealth and power lay in the ownership of persons, in the form of slaves, armies, and a workforce. In the feudal era they lay in the ownership of land. In the industrial age they were the ownership of capital and the means of production. In the information age they lie in access to and deployment of intellectual capital, the ability to master information and turn it to innovative ends. The labour content of manufactured goods continues to fall. To an ever-increasing degree, multinational enterprises are outsourcing production and peripheral services and becoming, instead, owners of concepts, brands, logos, images and designs. In such an age, immense advantage accrues to those with intellectual and creative skills."
(from Jonathan Sacks 'A Jewish Perspective' contribution to "Making Globalisation Good", Oxford, Dunning, 2003)
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