Whereas more than 80% of the value of the Standard &amp; Poor’s 500 consisted of tangible assets 40 years ago, today that ratio is reversed: more than 80% of the largest companies’ value is intangible – the knowledge and skills of their employees and the intellectual property embedded in their products.
把政府变为创新引擎的第二个关键是改变投资平衡，使之如私人部门那样向无形资产倾斜。40年前，标准普尔500指数的80%以上市值由有形资产构成，如今这一比例已经颠倒过来，最大公司80%以上的资产是无形资产——雇员的知识和技能以及凝聚在产品中的知识产权。