In his excellent new book Life After Capitalism (review coming soon), George Gilder routinely states an essential truth: knowledge is wealth. The inputs to everything we have and enjoy in modern times have always been with us, but we’ve only been able to transform them into staggering luxuries thanks to knowledge. As Gilder points out, when we buy gasoline for our cars we’re purchasing knowledge. Figure that the fuel has been around for billions of years, perpetually unused.
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