The Rise (and Likely Fall) of the talent economy

The economy has transformed dramatically over the past fifty years from one in which the greatest rewards went to those in possession of natural resources and capital to one in which managerial and investment management talent reap the lion’s share of the spoils. An unhelpful side-effect on this transition is that the modern economy is rewarding the trading of existing value more highly than the building of new value.  Why has this happened?  What is it about the infrastructure that underlies our modern democratic capitalist system that facilitates it? This is but one question about the infrastructure for democratic capitalism that the Martin Prosperity Institute is tackling and will continue to tackle in the years ahead.

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