Can America Win the AI Race? The Key Role of Intellectual Property Rights with Andrei Iancu

Truth with Vivek Ramaswamy

Vivek Ramaswamy

Business, News, Government

4.7 • 1.2K Ratings

🗓️ 9 May 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The Vivek Show, host Vivek Ramaswamy is joined by former US Patent and Trademark Office head, Andrei Iancu, to discuss the significance of intellectual property (IP) in America's founding and its role in fostering innovation. They explore the history of IP rights in the US, the challenges of applying a centuries-old statute to modern technologies, and the need for an intentional innovation policy. Iancu emphasizes the importance of IP in competing with China and other countries, highlighting the necessity of a high-level plan to identify future technologies and enable innovation in both the public and private sectors. This thought-provoking conversation dives deep into the intersection of technology, innovation, and economics. -- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy -- Time-codes: 00:00 - America's founding ideals of IP rights and their impact on innovation 02:47 - The significance of "right" in the Constitution's IP clause 07:10 - The role of IP rights in a free market economy 11:31 - Jefferson and Madison's unchanged patent code from 1793 12:40 - Challenges with fitting new technologies into an old statute 19:47 - Data protection as another form of IP protection 22:29 - The need for a holistic innovation policy in the US 25:08 - Competing in the AI, quantum, biotech, and new materials races 26:16 - IP as a tool for global competition 29:25 - Balancing decentralized free market economy and centralized national plans 31:59 - Questioning the classical model of total decentralization Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	America is founded on, among other things, property rights. The fact that you own the land on which you live, if you bought it, that you own the things that you buy, the things that you create, the things that you mix your blood with. That's John Locke's theory of ownership.
0:24.3	Mix your blood and your labor with a thing. That thing then becomes yours. That was the backdrop
0:30.1	against which the American Constitution was even written was the idea that you could own something by making it your own and have it protected against a government's overreach.
0:41.0	That was one of the founding ideals, certainly. But what about your ideas? Do you own
0:46.4	your ideas? What kinds of ideas do you own? This is something that our founding fathers
0:51.7	grappled with, struggled with, but ultimately came to form a view
0:56.2	on.
0:57.2	It's in our Constitution for a reason.
0:58.0	The idea of intellectual property isn't just some modern invention to make new tech. It's actually something that was woven into
1:05.2	the fabric of the founding of our country. It was as complicated and fraught of a
1:09.8	question then as it is in the debates we have today about intellectual property as a form of
1:17.4	vesting an individual or a company in their property rights.
1:21.0	It was actually fundamental to the industry where I first began my career.
1:25.2	First as a biotech investor and then as a biotech CEO, I was taking on a big pharmaceutical industry
1:31.9	and big pharma as an industry, but that entire
1:34.6	industry is built on government-created monopolies. If that sounds controversial
1:39.7	as an idea, it should be. The government creates an intellectual property system, especially in certain industries, built on giving monopolies to people who earn the prize of delivering an innovation, but the return for that prize is a period of
1:55.0	exclusivity to actually run a monopoly. Why on earth would we go out of our way to
1:58.3	create a government, create a monopoly? The answer has to do with fostering innovation itself and that's part of the bargain
2:06.0	we've been arguing about since 1776 we continue to argue about it today and today
2:11.8	we're going to advance that conversation in an episode of
2:14.3	the podcast with actually the person who led President Trump's US Patent Trademark
	...

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