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I think the US will be taught a valuable lesson in this regard. In the 70s and 80s the MBAs figured that they could strip industrial assets and rely on "intelle

• ddingus 5y ago
  OH and thanks for this too! All wealth is the product of labor. Intellectual labor is labor, and the understanding it brings is wealth, but that inherently leaks out into the body of people, eventually becoming common knowledge, or at a minimum well known, or documented. Some secrets do die with their originators too, but that's more rare. I changed careers watching those MBA's tear great companies apart, and the example close to home for me was Tektronix. There is a video out there "Spirit of Tek" that kind of gets at the powerful innovation culture once practiced there. In that culture, Joe Bloomstone can walk off the street, get training and advance into product design and even spin off into a company backed by Tek! It happened a lot and the area was rich with technical understanding, manufacturing, all the good stuff. Then it got sent over there... Today, people want it back, many people are taking hard won skills to their graves, leaving current people to climb back to regain what was sold off for a little money in the now, leaving the region doing hair, nails, tires... The people who can make stuff matter. Physical things matter. Agreed.