Opinion | The United Kingdom Has Gone Mad - The New York Times - 0 views
-
we are becoming interdependent to an unprecedented degree. In this world, growth increasingly depends on the ability of yourself, your community, your town, your factory, your school and your country to be connected to more and more of the flows of knowledge and investment — and not just rely on stocks of stuff.
-
Over centuries, notes John Hagel, who currently co-heads Deloitte’s Center for the Edge, business has “been organized around stocks of knowledge as the basis for value creation. The key to creating economic value has been to acquire some proprietary knowledge stocks, aggressively protect those knowledge stocks and then efficiently extract the economic value from those knowledge stocks and deliver them to the market. The challenge in a more rapidly changing world is that knowledge stocks depreciate at an accelerating rate. In this kind of world, the key source of economic value shifts from stocks to flows.
-
“The companies that will create the most economic value in the future,” Hagel says, “will be the ones that find ways to participate more effectively in a broader range of more diverse knowledge flows that can refresh knowledge stocks at an accelerating rate.”
- ...4 more annotations...
-
keeping your country as open as possible to as many flows as possible is advantageous for two reasons: You get all the change signals first and have to respond to them and you attract the most high-I.Q. risk-takers, who tend to be the people who start or advance new companies.
-
The wisest leaders also understand that all the big problems today are global problems, and they have only global solutions. I am talking about climate change, trade rules, technology standards and preventing excesses and contagion in financial markets
-
you need to be part of a wider coalition like the European Union. The U.K. membership in the E.U. has given it an outsize voice in world affairs.
-
How quickly they’ve all forgotten that the E.U. and NATO were built to prevent the very competitive nationalism that ran riot in Europe in the 20th century and brought us two world wars.