Intellectual Capitalism

Hello everyone. I hope all is well with you. I’m back today and I’m talking about a term I heard this week. It’s called “Intellectual Capitalism.”

Photo via Visual Hunt

What is intellectual capitalism? That is a very good question and below is the definition.

 

Intellectual capitalism (IC) can be interpreted as a convergence of a capitalist economy and a knowledge or information economy. It refers to an economic system with basic capitalist institutions in which productive assets and processes, as well as commercial transactions and products, are predominantly intellectual or non-material rather than physical in nature.

 

Watch the video below from BigThink.com. They explain it in layman’s terms.

 

https://www.facebook.com/BigThinkdotcom/videos/10154081233018527/

 

So what does this mean? It means intellectual capital is where the future is headed. Repetitive jobs are going to be wiped out, taken over by robots. But there are still some things robots can’t do, like interpret human behavior or analyze emotions. So there’s still hope for the human race!  My interpretation of this is any person who’s creative and has analytical skills will be in high demand. That’s where the jobs are going to be.  So the future looks bright for us writers and artists.  We’re creative and analytical, wouldn’t you agree?

Photo via Visual hunt

 So brush up on those writing skills my friends they’re going to be in high demand!

Thanks for stopping by this morning and reading my post. Sorry to say, but I had a birthday this week so my post is short and sweet. I’ll return next week with a longer post!

What do you think about the future? Do you agree? Let me know. Leave a comment! I’d love to hear from you!

 

 

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About Lisa Orchard

I'm a Young Adult Author with two new series, "The Starlight Chronicles" and "The Super Spies." The first one's a coming of age series and the second one's a mystery/thriller series. I'm also the mother of two boys who keep me hopping and they're my inspiration for everything. When I'm not shuttling my boys to school or a play date, I'm writing. When I'm not writing, I'm reading, hiking, or sometimes running. I love anything chocolate and scary movies too.
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19 Responses to Intellectual Capitalism

  1. Denzil says:

    This is interesting Lisa. Writing could be the next rock & roll! Actually it makes sense. I’ve always been glad I didn’t go into accountancy! 🙂

  2. clairerwong says:

    Excellent, I’ve never felt so employable!

  3. lilhiddentreasures says:

    I can actually see both good and bad as our future is heading this way. There will be less human interactions as people will be replaced by robots and these people are going to loose jobs and really struggle to get by in life. It’s a bit sad….

  4. emilypageart says:

    The tough thing is figuring out how to establish pay for intellectual captital. With a product, you can figure out what your costs to make something are and price accordingly. With ideas, it’s harder to put a value on it. As an artist, it’s something I’ve struggled with for years. Yes, I can calculate how much money I spent on canvas and paint, but how do you price time?

    • Lisa Orchard says:

      I hear you, Emily. It’ll be interesting to see how this all pans out. I’m thinking it’ll be a positive shift for all of us. That’s what I’m hoping for anyway. 🙂

  5. Traci York says:

    I hadn’t heard of intellectual capitalism before – definite food for thought!

  6. Em Linthorpe says:

    Now if only our governments would do more to support the creative industries 😉

  7. Bernadette says:

    Happy Birthday Lisa and thanks for the heads up on the new term

  8. sharonledwith says:

    Seems like we’re in the ‘write’ profession, Lisa! Wink! Hope you had a great birthday with your crew! Cheers!

  9. The Hook says:

    I think you’re a visionary, Lisa.

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