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Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage.

Lester Thurow

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Lester Thurow
Age: 77 †
Born: 1938
Born: May 7
Died: 2016
Died: March 25
Economist
Journalist
Livingston
Montana
Lester C. Thurow
Lester Carl Thurow
Foundation
Skills
Foundations
Advantage
Sustainable
Source
Shaking
Century
Strategic
Technology
Sources
Knowledge
Ideology
Making
Capitalism

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We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not.
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Natural resources have dropped out of the competitive equation. In fact, a lack of natural resources may even be an advantage. Because the industries we are competing for - the industries of the future - are all based on brainpower.
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A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change.
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Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets that he does not like.
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If a group of people has no sense where they came from-it is difficult for them to have a sense where they should go.
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Major investment decisions have become too important to be left to the private sector.
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