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Boom of intangible assets felt across industries and economy
- milsorgen 3y agoFascinating, gives much food for thought. I wish I had more to add but just wanted to note I enjoyed reading that and being exposed to the concepts.
- RetroTechie 3y agoSame here. But basically it shows that "value" as considered by economists, has moved from physical assets to things like software, expertise, marketing brands & other 'soft' stuff like intellectual property. And with that, companies considered most valuable (market cap) have changed from ones that manufacture physical goods, to the .com advertising / cloud computing / online shopping giants of today. I'm piling the "socials" onto the "advertising" heap here... ;-)
- simple-thoughts 3y agoMakes me wonder what other economic statistics are mismeasured or misinterpreted due to intangible assets. Seems like a potentially big issue
- sph 3y agoInflation is one. Unemployment is another (maybe not because of intangible assets, just that it's a very inaccurate, almost useless, figure due to how it's defined and measured).
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