d. In the world of future wealth, everyone inside the organization should also be compete in the external markets so they will be able to gauge such factors as price, time and quality.Employees will be better able to determine how much they are worth as more and more jobs are posted on the web. People are now posting their resumes in various jobsites on the net and if they have qualifications that someone else needs, companies are going to have to compete against each other as to who will get that employee. Part lV: SocietyAccording to the Federal Reserve, American household now control, either directly or through mutual funds, 59% of all stocks held in the United States. Capital was a scarcer resource than land or labor a century ago, now intellectual capital is the scarce resource. Society should change to create safety nets for those who accept risks. One way is to change the way social security operates. With the baby boomers approaching retirement age, the money going out will soon be more than the money coming in. One way to avert this is to create a mixed system, combining the existing system with an investment plan. The government would deposit 2.3% of your salary into your personal retirement account (PRA). When you reach retirement age, you would use your PRA to buy an annuity. You would then receive your regular social security along with your annuity checks. Another way is to change the current Medicare system. You would pay the doctors as long as you remain healthy and when you are sick, it would be free until you are healthy again. This would work because of the human psychology. Do you go all-out to make less so that you pay less in income taxes? The same would apply to the health system payments. It is similar to a health insurance premium except when you need to use it you pay nothing. Part V: Horizons"Connectivity leads to commerce, commerce to wealth, wealth to risk, risk to risk trading. This is tru...
