A Quote by Walter Wriston

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.
The information revolution has changed wealth. Intellectual capital is far more important than money.
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.
Mankind had the agricultural revolution, the industrial revolution, and now this third one, the information revolution.
Throughout the industrial era, economists considered manufactured capital - money, factories, etc. - the principal factor in industrial production, and perceived natural capital as a marginal contributor. The exclusion of natural capital from balance sheets was an understandable omission. There was so much of it, it didn't seem worth counting.
The industrial revolution fueled all of humanity, everything we do has been exploding ever since. It's been the biggest most impacting thing, not only for human beings in the last 250 million years, but also the planet, which caused the ice age, which buried the forest. It's this circle because of the industrial revolution, it's neither good or bad, it enabled all of modernization, extended our life, it changed everything. It's the most impactful thing that happened to the planet and the people.
I was an active participant in India's key economic reforms, including the third industrial revolution and now the fourth industrial revolution.
What has happened is that genetics has become a branch of information technology. It is pure information. It's digital information. It's precisely the kind of information that can be translated digit for digit, byte for byte, into any other kind of information and then translated back again. This is a major revolution. I suppose it's probably "the" major revolution in the whole history of our understanding of ourselves. It's something would have boggled the mind of Darwin, and Darwin would have loved it, I'm absolutely sure.
Nothing we do in this great capital can change the fact that factories or information can flash across the world, that people can move money around in the blink of an eye... Nothing can change the fact that technology can be adopted, once created, by people all across the world and then rapidly adapted in new and different ways by people who have a little different take on the way that technology works.
However, the agricultural revolution took thousands of years, the Industrial Revolution took hundreds, and the information revolution only took decades. So, who knows what's going to happen in the next few decades, especially with the women's revolution.
Capital, never concerned with distribution, is now less and less concerned with production. Capital is driving for power, for the control over markets, lands, resources. Capital, in corporate hands, can move anywhere and thus demand and get the utmost in concessions and privileges as well as the freedom to operate in the interest of ever-increasing wealth and assets.
I am grateful to the fossil fuel industry for bringing us the concentrated carbon that took us through the Industrial Revolution and through the technological revolution and brought us to the gateway of the renewable energy revolution, or what I call the sunlight revolution. But that is where we must part ways. It's the natural order.
Whenever culture has gone through a radical change, as ours has - from industrial age to information age - there are people who will deny that things have changed; they resist it and refuse to change.
Today we are on the brink of another extraordinary revolution. The Information Age is already over and an exciting new epoch is taking its place. Remember, the key point is this: When wealth is derived from a new source - say information rather than industry - a new economic era is born.
In a condition of society and under an industrial organization which places labor completely at the mercy of capital, the accumulations of capital will necessarily be rapid, and an unequal distribution of wealth is at once to be observed.
We led the industrial revolution, the White revolution, now its time for a cultural revolution.
The current information revolution is a cultural revolution, a social revolution, a thoroughgoing technological revolution that involves not just information, but labor, leisure, entertainment, communication, education, culture and thus is part of a major cultural and social shift.
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