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As Quoted…
The individual company is an integral part of the global economy. But unlike the “invisible hand” and “animal spirits” that define modern economics, companies are in constant flux. Offices and factories teeming with machines, equipment and workers have symbolized the corporation for decades. Increasingly, though, firms no longer rely on things you can feel and touch. Rather, they are shifting to a “capital-light” model centered on intangible assets like software, proprietary data, and innovative design…
David Klausner, Director in the Thematic Research group at PGIM, from his article The Age of Weightless Work and Intangible Capital
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