Business man with happy smiling and sad unhappy cardboard paper
© Tero Vesalainen


In the period leading up to the 1990s, sound business models were predicated upon deploying capital to produce assets which in turn generated more capital; in essence, to generate a dividend. Homeowners who rent their properties out have deployed capital for accumulating a return on this investment via rent payments. Consequently, tangible (and productive) assets played a key role in driving economic output in the pre-1990s world.

The utility of capital has undergone drastic changes since the rise of ...

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