The Part You Cannot Buy
A China analyst and two Nobel economists reach the same verdict: the machine is the easy part. Breakneck and Power and Progress on why industrial advantage lives in people, not equipment.
A China analyst and two Nobel economists reach the same verdict: the machine is the easy part. Breakneck and Power and Progress on why industrial advantage lives in people, not equipment.
Weil had no debt, $2 billion in revenue and a near-century of reputation. It still went from its top dealmaker's resignation to a recommended dissolution in seven weeks. The longevity factors only protect an institution that owns its own capability. Weil's walked out of the door.
Ferrari’s first electric car was mocked on launch day and sold out within weeks. Now Benedetto Vigna must decide how many to build, and whose demand “one car less” is meant to measure.
Robots, humanoids and AI are becoming things a plant manager orders, not invents. When everyone can buy the same technology, advantage moves to the few who can make it work at every site.