In The Life Of A Nation, Few

Median Wages Of Production Workers, Who Comprise 80 Percent Of The Workforce, Haven't Risen In 30 Years, Adjusted For Inflation.

I Started In The Law; And The Study Of Law, When It Precedes The Study Of Economics, Gives You A Set Of Foundation Principles About How Human Beings Interact. Economics Is Very Useful, And I Studied Economics In Graduate School. But Without Understanding The Social And Organizational Context Of Economics, It Becomes A Theory Without Any Groundwork.

Corporations Don't Create Jobs, Customers Do. So When All The Economic Gains Go To The Top, As They're Doing Now, The Vast Majority Of Americans Don't Have Enough Purchasing Power To Buy The Things Corporations Want To Sell - Which Means Businesses Stop Creating Enough Jobs.

We're Now Moving Toward A Radically Different Economy. You Absolutely Can't Have A Distribution Oligopoly. The New Oligopolies - And I Think There Will Be New Oligopolies - Will Be Oligopolies Of Trustworthiness. Microsoft, Amazon, Schwab, And Other Brands Will Dominate Psychic Space, Not Shelf Space.

Given That Ever-broadening Array Of Options And Alternatives, As Consumers And Investors, We Are Often Bewildered. We Need Guidance. That's Where Today's Brands Come In. They Are Not So Much Signals About A Particular Product, They Are Signals About Good Judgment, Trustworthiness. A Big Brand, Whether It's Schwab Or Disney, Is Becoming Analogous To A Portal That Sells Us Advice About Where We Can Find Great Deals.