SCSDI

As networks proliferate and new companies and individuals innovate to create wealth (using the new infrastructure) knowledge is dispersing and along with it—economic and political power.

More than ever knowledge is power. In the emerging digital economy, what people know matters. What they know about new production processes. What they know about where to find information on organic bread or energy efficient heating. What they know about the occupational health or learning needs and services of their community.

Today, as most innovative organizations already understand, the capacity for knowledge in action is the predominant source of economic advantage. People are the source of knowledge in action. People are the prime engine of economic power. In innovative start-ups, such power can correspond to income and wealth. In larger companies there is still dissonance between contribution and rewards—between ownership of the new means of production and ownership of wealth. But as Miller says, the genie is out of the bottle.