Knowledge workers are the new capitalists
"knowledge workers are highly mobile within their specialism. They think nothing of moving from one university, one company or one country to another, as long as they stay within the same field of knowledge. There is a lot of talk about trying to restore knowledge workers' loyalty to their employing organisation, but such efforts will get nowhere. Knowledge workers may have an attachment to an organisation and feel comfortable with it, but their primary allegiance is likely to be to their specialised branch of knowledge."
Choosing the Road to Prosperity Why We Must End Too Big to Failâ€”Now
by Harvey Rosenblum, Federal Reserve of Dallas.
"We can perpetuate [Too Big to Fail] TBTF, with its inequities and dangers, or we can end it. Eliminating TBTF wonâ€™t be easy, but the vitality of our capitalist system and the long-term prosperity it produces hang in the balance...
When competition declines, incentives often turn perverse, and self-interest can turn malevolent. Thatâ€™s what happened in the years before the financial crisis...
The term TBTF disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance."