Thursday, 14 August 2025 — Michael Roberts Blog
A recent article in the UK’s Financial Times got very excited about the rise of intangibles. The author Tek Parikh said that “50 years go, the assets held by top 500 US companies were predominantly ‘tangible’ — factories, equipment, inventory et cetera. But today, it is estimated that most of their assets are ‘intangible’ ie. intellectual property (knowledge and software), branding value and marketing networks.” In the US, spending on intangible assets surpassed tangible investments as a share of GDP in the late 1990s and the gap has widened ever since.
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