A Quote by Don Tapscott
Throughout the 20th century, we created wealth through vertically integrated corporations. Now, we create wealth through networks. We are at a turning point in human history, where the industrial age has finally run out of gas.
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We are at a punctuation point in human history where the Industrial Age and institutions have finally come to their logical conclusion. They have essentially run out of gas.
A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.
Every man of ambition has to fight his century with its own weapons. What this century worships is wealth. The God of this century is wealth. To succeed one must have wealth. At all costs one must have wealth.
If you check back through human history, you will find that three things, more than any others, have produced social transformation: violence, knowledge and wealth - and the greatest of these is wealth!
There are many ways to create economic suicide on a national level. The major way through history has been through indebting the economy. Debt always expands to reach a point where it cannot be paid by a large swathe of the economy. This is the point where austerity is imposed and ownership of wealth polarizes between the One Percent and the 99 Percent.
When the Industrial Revolution of the nineteenth century brought a rapid increase in wealth, the demand of workers for a fair share of the wealth they were creating was conceded only after riots and strikes.
The information revolution has changed people's perception of wealth. We originally said that land was wealth. Then we thought it was industrial production. Now we realize it's intellectual capital. The market is showing us that intellectual capital is far more important that money. This is a major change in the way the world works. the same thing that happened to the farmers during the Industrial Revolution is now happening to people in industry as we move into the information age.
Our culture is hung up on and overemphasises what can be derived from material objects. I think this is something quite new, over the past 200 or 300 years - that life has become about accumulating material wealth. The 21st century is not about accumulating material wealth like the 20th century. It's already eroding.
Police and firefighters are great, but they don't create wealth. They protect it. That's crucial. Teaching is a wonderful profession. Teachers help educate people to become good citizens so that citizens can then go create wealth. But they don't create the wealth themselves.
There's this Indian fellow who worked out a cycle like the idea of stone-age, bronze-age, only he did it on an Indian one. The cycle goes from nothing until now and 20th century and then on and right around the cycle until the people are really grooving and then just sinks back into ignorance until it gets back into the beginning again. So the 20th century is a fraction of that cycle, and how many of those cycles has it done yet? It's done as many as you think and all these times it's been through exactly the same things, and it'll be this again.
There is nothing wrong with corporations. Corporations are a good thing. But corporations should not be running our government. Corporations are good because they drive our economy, they encourage people to assemble wealth and to risk it and then create jobs.
I'm a historian by training and by conviction. And so the thing that has throughout informed my thinking about international relations is history. I think, for example, the reason that I was perhaps able to see sooner than some others that the Soviet Empire in Eastern Europe was decaying--if not disintegrating--was that I came to it through history and through Germany, rather than through Sovietology and through Moscow. And therefore the starting point was that no empire in history has lasted forever, and this one won't either.
The whole privatisation of health and education, of natural resources and essential infrastructure - all of this is so twisted and so antithetical to anything that would place the interests of human beings or the environment at the center of what ought to be a government concern - should stop. The amassing of unfettered wealth of individuals and corporations should stop. The inheritance of rich people's wealth by their children should stop. The expropriators should have their wealth expropriated and redistributed.
The amassing of unfettered wealth of individuals and corporations should stop. The inheritance of rich people's wealth by their children should stop. The expropriators should have their wealth expropriated and redistributed.
Italy and France could lop off their excessive wealth through a one-time tax on private wealth.
The wealth gathered by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute fraction of the amount by which they enriched the nation. The whole of that wealth is held in trust for the people and used exclusively for their benefit. The cycle is thus complete; what came from the people has gone back to the people many times over.
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