21st century Quote by Lester Thurow
“Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage.”
About This Quote
Source Speech: Economic Forum, 2023
Technology reshapes capitalism by turning skills and knowledge into the main competitive edge, reducing reliance on traditional assets.
In simple terms: Tech makes skills the key advantage.
Invest in learning and digital capabilities.
Themes
Mood
Type
When to use this quote
- career development
- business strategy
- policy making
- education reform
Key Concepts
Questions to Reflect On
- How can societies ensure equitable access to skill development?
- What policies protect workers in a knowledge‑driven economy?
May overlook social inequality and job displacement.