Jim Balsillie

Well, the US understood that if it was to be strong and prosperous, rich, powerful, and secure, it had to corral this knowledge. So the world moved from open science, open knowledge to closed science and monopolized knowledge that you had to get a rent. You had to pay a rent for the permission to use

Well, the US understood that if it was to be strong and prosperous, rich, powerful, and secure, it had to corral this knowledge. So the world moved from open science, open knowledge to closed science and monopolized knowledge that you had to get a rent. You had to pay a rent for the permission to use

Well, the US understood that if it was to be strong and prosperous, rich, powerful, and secure, it had to corral this knowledge. So the world moved from open science, open knowledge to closed science and monopolized knowledge that you had to get a rent. You had to pay a rent for the permission to use

somebody else's intellectual property and that went to software technology it went to pharmaceuticals it went to manufacturing technology it went to uh creative industries and right that went to all the value ads that are on top of basic resources yeah intangibles are now 90 of the value of the s p 500. that's where all the money's been and so define intangibles again for everybody

somebody else's intellectual property and that went to software technology it went to pharmaceuticals it went to manufacturing technology it went to uh creative industries and right that went to all the value ads that are on top of basic resources yeah intangibles are now 90 of the value of the s p 500. that's where all the money's been and so define intangibles again for everybody

somebody else's intellectual property and that went to software technology it went to pharmaceuticals it went to manufacturing technology it went to uh creative industries and right that went to all the value ads that are on top of basic resources yeah intangibles are now 90 of the value of the s p 500. that's where all the money's been and so define intangibles again for everybody

Well, intangible asset is an asset... When you have a physical asset, like this jacket is a physical asset. I own it. That's called a positive right. But the design... And only one person can wear it at a time. That's called rivalrous. Right, so it's finite in supply. It's finite. But the design of this jacket is not finite. It's non-rivalrous. A million people can have that design. And...

Well, intangible asset is an asset... When you have a physical asset, like this jacket is a physical asset. I own it. That's called a positive right. But the design... And only one person can wear it at a time. That's called rivalrous. Right, so it's finite in supply. It's finite. But the design of this jacket is not finite. It's non-rivalrous. A million people can have that design. And...

Well, intangible asset is an asset... When you have a physical asset, like this jacket is a physical asset. I own it. That's called a positive right. But the design... And only one person can wear it at a time. That's called rivalrous. Right, so it's finite in supply. It's finite. But the design of this jacket is not finite. It's non-rivalrous. A million people can have that design. And...

where that's not designed at the same time. And the person who owns that design has a negative right that says, I have the legal right to stop you from using that design. So they own a fence. They own a fence. And the economy shifted from producing, getting rich from producing jackets alone to extracting a rent from, for the design of that jacket.

where that's not designed at the same time. And the person who owns that design has a negative right that says, I have the legal right to stop you from using that design. So they own a fence. They own a fence. And the economy shifted from producing, getting rich from producing jackets alone to extracting a rent from, for the design of that jacket.

where that's not designed at the same time. And the person who owns that design has a negative right that says, I have the legal right to stop you from using that design. So they own a fence. They own a fence. And the economy shifted from producing, getting rich from producing jackets alone to extracting a rent from, for the design of that jacket.

Oh, Napster. Napster.

Oh, Napster. Napster.

Oh, Napster. Napster.

Yeah, and when you physically own something, it's kind of not contested most of the time. It's unambiguous. But ownership of an idea evolves literally hundreds of times a day, different standards. And so Napster is an idea where there was very intense copyright issues that shut down Napster. But there was a dozen very substantial copyright cases for Google.

Yeah, and when you physically own something, it's kind of not contested most of the time. It's unambiguous. But ownership of an idea evolves literally hundreds of times a day, different standards. And so Napster is an idea where there was very intense copyright issues that shut down Napster. But there was a dozen very substantial copyright cases for Google.

Yeah, and when you physically own something, it's kind of not contested most of the time. It's unambiguous. But ownership of an idea evolves literally hundreds of times a day, different standards. And so Napster is an idea where there was very intense copyright issues that shut down Napster. But there was a dozen very substantial copyright cases for Google.

Were you allowed to bring a snippet forward? And if you remember, all the owners of this content were litigating from New York City to say stop Google, and Google ran the cards. And so a bunch of judicial decisions framed the opening for Google to do search.

Were you allowed to bring a snippet forward? And if you remember, all the owners of this content were litigating from New York City to say stop Google, and Google ran the cards. And so a bunch of judicial decisions framed the opening for Google to do search.