Chris Dillow — A new capital?

What does capital do in the digital economy?

For one thing it applies the mass market. The huge asymmetry in income is lat least in part due to access to and use of mass markets. Contemporary managerial capitalism and digital entrepreneuring are based on creating new mass markets or capturing a share of existing or developing mass markets.  

While this is well known in business, economists haven't yet picked up much on it implications, at least in my roaming around the field as an onlooker.

Stumbling and Mumbling
A new capital?
Chris Dillow | Investors Chronicle