The bull and bears play the market sentiments but economy constantly expands like the cosmos. Initially it is agriculture that is driven the global economy , then industrial revolution takes over it, followed by information technology and now it is artificial intelligence revolution. Hence the analytical eye to look towards the economy is constantly changing over a period of time. If you look into the GDP figures of each country then we will understand the roll of service sector contribution to the economy. Health care industries and banking & financial institutions contribute the major chunk of service sector. This implicates that nature of asset is changing over a period time and the role of intellectual property assets over the next few decades is interesting to watch and this might the major pie that is driving the market sentiments. In another words human contribution to economy is growing in greater phase then natural resources contribution to economy. The market boom advocates and doom sayers has to under the real implication of this paradigm shift.
The real implication of this aspect is that, value can be created with physical good and with intellectual endeavors. Like electricity bill and water bill now we are accustomed with internet charges and in future we are ready to bear artificial intelligence cost in our life. Analyzing the market without the changes in the process of value creation make you a party to the doomsayers. The battle between price and value will always invite crashes to make you realize the market madness and phobias. Giant companies may correct the value and price proportion and small companies may receive more than the value attributed to them. It is all the part of game that may create the losers and winners in stock markets. But the global economy may continue it snail run until the human race are exhausted with their ideas.
For common people value is always some thing physical even after witnessing the havoc played by intellectual property assets on world markets. Having said this, it does not mean that creating intellectual property assets is cheap , in fact it has become more expensive over a period of time. The institutional basis of technology based intellectual property gives little freedom for a single person to create value in Intellectual property. The creative expression of entertainment field is also getting institutionalized over a period of time but there is still room for a single person to create value in intellectual property. The youth should understand this transformation. Hence the new slogan is “Create physical assets but if you are not able to create physical assets create intellectual property assets”.