Article by Charles Handy on intelligence as the key asset to the evolution of capitalism. Handy begins the article noting key changes that have taken place within organizations over the past several years regarding how employees are handled. He states that, because organizations have moved to hiring half as many people as before, paid twice as much, and producing three times as much, it leaves another half of the workforce without gainful full-time employment. In light of such developments, and considering that the gap between rich and poor continues to widen in capitalist countries like the United States after the scaling back of communism worldwide, Handy argues that intelligence, specifically intellectual property, is the key asset to wealth creation, rather than land, raw materials, or money. He then claims how, if intelligence is the only real property, a democracy has to ensure that everyone has a share in it. Furthermore, Handy contends that the corporate world must face the new
Handy, Charles B Handy, Elizabeth Business Technology publication London Business School Sloan School of Management Massachusetts Institute of Technology Capitalism Communism
Source
Article by Charles Handy on intelligence as the key asset to the evolution of capitalism, 1999; Charles Handy Papers; Box 15, Folder 3; 11 pages
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