12 Of The Most Read Burbank Leader Stories Of 2018

Gates wrote a Linkedin post earlier this month about "Capitalism Without Capital," which was written by two economists.

The book examines one of the most important modern shifts in the global economy: companies and governments are investing in "intangible assets" — things like software and research.

"This is one of the biggest trends in the global economy that isn't getting enough attention," Gates wrote.

These intangible assets are produced differently than regular assets like cars and machinery. As Gates explains:

"Microsoft might spend a lot of money to develop the first unit of a new program, but every unit after that is virtually free to produce. Unlike the goods that powered our economy in the past, software is an intangible asset. And software isn't the only example: data, insurance, e-books, even movies work in similar ways."

According to Gates, this trend has huge ramifications for the global economy. For example, GDP calculations don't account for spending on branding and market research, yet many major companies are centered around those intangible assets.

"What is the best way to stimulate an economy in a world where capitalism happens without capital gains?" Gates said. "We need really smart thinkers and brilliant economists digging into all of these questions."

26 books Bill Gates says you should read this summer
Fact check: The misleading narrative in Trump’s tumble of trade tweets
Inside the Kavanaugh Hearings: An Oral History
POLITICO Playbook: Wall Street takes stock of the tariffs, and Pompeo trades Moscow for Brussels visit
12 of the most read Burbank Leader stories of 2018
A History of 50 Cent Beefing With G-Unit Members
Here's what you need to know about Fastly, the fast-growing unicorn startup that could go public this week at a valuation of $1.45 billion
After 151 years of local ownership, Reading Eagle readers reflect on community coverage
Bob Smith’s prescience on the Economic Opportunity Act of 2013
Female presidential candidates have to overcome the sexism — of other women