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Building Wealth - 99.06
J U N E 1 9 9 9 |The Atlantic | by Lester C. Thurow. The new rules for individuals, companies, and nations.

Rule 1 No one ever becomes very rich by saving money.
Rule 2 Sometimes successful businesses have to cannibalize themselves to save themselves.
Rule 3 Two routes other than radical technological change can lead to high-growth, high-rate-of-return opportunities: sociological disequilibriums and developmental disequilibriums.
Rule 4 Making capitalism work in a deflationary environment is much harder than making it work in an inflationary environment.
Rule 5 There are no institutional substitutes for individual entrepreneurial change agents.
Rule 6 No society that values order above all else will be creative; but without some degree of order (institutional integrity??), creativity disappears.
Rule 7 A successful knowledge-based economy requires large public investments in education, infrastructure, and research and development.
Rule 8 The biggest unknown for the individual in a knowledge-based economy is how to have a career in a system where there are no careers.
anomalies  cannibalization  capitalism  career_paths  change_agents  constraints  deflation  digital_economy  disequilibriums  entrepreneurship  high-growth  individual_initiative  institutional_integrity  JCK  knowledge_economy  Lester_Thurow  Managing_Your_Career  messiness  new_rules   personal_enrichment  public_education  public_investments  ROI  rules_of_the_game  technological_change  unknowns  wealth_creation  
november 2011 by jerryking
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