6 Nov 2020
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
This is so accurate.
The speed of technological innovation is allowing companies to create enormous intangible value through patents, trademarks, software, information systems, artistic products and organisational capital and the existing legal, financial and regulatory framework is not keeping up.
This new asset-light capitalism is flipping economics on its head, making Accounting Standards obsolete for investors and allowing the winners to be more concentrated.
On the assumption that it is possible, we will just have to wait and see how long it will take the Governments of the World to catch this technological innovation phenomenon.
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