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Strong intellectual property rights are key to prosperity - The Globe and Mail
BRIAN LEE CROWLEY
Strong intellectual property rights are key to prosperity
SUBSCRIBERS ONLY
Special to The Globe and Mail
Published Tuesday, Feb. 10 2015,

The stability of property and its transference by consent were thus rightly deemed by the great Scottish philosopher David Hume as two of the three rules that underpinned truly civilized societies (the third was the keeping of promises). Strong, reliable and consistent property rights unlock prosperity because they reduce conflict, promote stewardship and reward investment..... A strong IP regime therefore unlocks creativity, surely one of the keys to prosperity in a society increasingly dependent on intangible services for its wealth creation. Ultimately, all wealth is created by human knowledge, and increasingly the wealth of societies such as Canada takes the form of the fruits of our fertile minds, in software, design, film, fashion, engineering, disease control and more.
capitalism  intellectual_property  rule_of_law  Congo  Zaire  property_rights  abuses  impunity  intangibles  patents  wealth_creation  think_tanks  counterfeits  creativity  digital_economy  protocols  David_Hume  knowledge_economy  prosperity 
february 2015 by jerryking
Referendum in Scotland, Dissected by Investor - NYTimes.com
SEPT. 12, 2014 | NYT | By JAMES B. STEWART.

"Some voters are very emotional," said Sir Tom Hunter, photographed outside Edinburgh Castle. "But I’m a businessman. I’m passionate, but I’m trying to look at the facts.”

"Scotland's Decision," online book published by the David Hume Institute
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Fortunately for anyone who cares about the issues, as opposed to the passions, of Scottish independence, Sir Tom Hunter has come to the rescue. Mr. Hunter is often described in the news media as the country’s “first homegrown billionaire,” though he told me when I reached him there this week, “I never coined that phrase.” Last month, his foundation published a book online called “Scotland’s Decision.”

“This started as a private effort to educate me and my family,” Mr. Hunter said. “This decision is too important to leave to the politicians.” So he went to an array of experts and asked them to address 16 questions, starting with what effect independence would have on the economy. He said he didn’t want to rely on people with personal stakes in the outcome or who had already chosen sides.

“The answers started coming in,” he said, “and I thought, why not make this available to everyone? I’m not trying to influence people. I’m trying to educate them. Some voters are very emotional. Everyone is different, and that’s democracy. But I’m a businessman. I’m passionate, but I’m trying to look at the facts.”...Mr. Hunter said he read everything by Mr. Carnegie, including his famous call to philanthropy, “The Gospel of Wealth.”
Scotland  United_Kingdom  independence  philanthropy  high_net_worth  moguls  entrepreneur  David_Hume 
september 2014 by jerryking
What's The Big Idea?
Mar 12, 2011 | Financial Times. pg. 28 | by James Crabtree. Forward to R. Mayot re. IdeaCity

From Davos, to Long Beach, to north Wales, 'ideas conferences' are burgeoning. But, asks James Crabtree, are they really the new crucibles for creative thinking - or just exclusive talking shops?

Aficionados of cult television know Portmeirion simply as "the village". Here, in the 1960s show The Prisoner, Patrick McGoohan insists "I am not a number, I am a free man," and plots his escape from a mysterious captive community. But, last weekend, the town hosted a different sort of exclusive gathering - and one perhaps better known for those trying to get in, not out.

Against a backdrop of pastel-painted Italianate cliff-top villas, around 120 specially invited guests descended on the Welsh coastal village for what its organisers describe as a global "thought leadership symposium". Such self-selected elite groupings seem, at first glance, to be little more than a weekend break for an already-fortunate section of the chattering classes; what one Portmeirion participant dryly described as "a socially concerned Saga mini-break, dressed up as something more serious".

But such events are also part of a wider trend in the burgeoning market for "ideas conferences" - exclusive conflabs that bring together groups of leaders with the aim of sparking creative ideas, untethered from the niche subjects, academic specialisms or industry segments that have long dominated professional events.

Examples are not hard to find. The business summit in the secluded Swiss mountain resort of Davos is the most famous. But the first week of March also saw the latest TED conference, an exclusive annual USD7,500-a-ticket gathering in Long Beach, California, dedicated to "ideas worth spreading". Elsewhere Google runs an annual invite-only conference, known as Zeitgeist, while American internet evangelist Tim O'Reilly hosts excitable technology entrepreneurs at Foo Camp, which modestly stands for "Friends of O'Reilly".

Dozens of smaller meetings are popping up too, such as Portmeirion, now in its third year and with the FT as one of its sponsors. They represent a shift in the market for conferences, now forced to be more eye-catching to attract the attention of more demanding and distracted audiences. But their blossoming also illuminates a wider trend: the growing importance of unusual ideas and rich social networks, in an economy in which information is both increasingly valuable and confusingly abundant.

Those gathered at Portmeirion this year formed an eclectic group, ranging from polymathic finance expert Nassim Nicholas Taleb to actress Miriam Margolyes and rock concert promoter Harvey Goldsmith. Elsewhere the resort's narrow streets were thronged with a mixture of senior bankers, newspaper columnists, politicians, entrepreneurs, authors and think-tank boffins.

Portmeirion itself used to be something of a salon for London's recuperating elite, hosting guests such as Noel Coward and Bertrand Russell. The idea of hosting a contemporary event there stems from this: it is the brainchild of British public relations guru Julia Hobsbawm, whose father (the Marxist historian Eric Hobsbawm) brought their family to the town for summer holidays.

Top-level gatherings have long been a feature of politics and international affairs. Historian Simon Schama points to The Poker Club, a distinguished salon at the heart of the Scottish Enlightenment of the late 1700s, which counted David Hume and Adam Smith among its members.

Today's ideas conferences are less serious affairs than their antecedents, with agendas that go well beyond the straitjacketed worlds of politics, foreign affairs and business. Videos, jazzy graphics and blaring music between sessions all help keep participants engaged. Informal, unscripted agenda-less "unconferences", are also popular.

A defiantly cross-disciplinary ethic marks out this new class of events, whose programmes are seemingly incomplete without sculptors, comedians and bioethicists to balance out the economists and business gurus. Portmeirion's two most memorable sessions were its most eclectic: a plea to save the seas from oceanographer Sylvia Earle, and a moving film about Indian prostitution from filmmaker Beeban Kidron.

The flipside of this variety is a certain intellectual vagueness, as organisers try to hold together a programme full of clashing insights. The gnomic theme of the most recent TED, for instance, was "the rediscovery of wonder" - featuring a live talk from an astronaut in an orbiting space station, and a demonstration of a machine that "printed" human body parts. The theme of Portmeirion, meanwhile, was simply "community and values", into which one could read just about anything.

Certainly, it isn't always clear what these conferences are meant to be about. The ideal speaker, therefore, is someone able to cross many intellectual boundaries at once [jk: does this meet the definition of "transgressive"??] - as with Nassim Nicholas Taleb, author of The Black Swan, who kicked off the Portmeirion gathering with a magisterial address on the topic of "anti-fragility" in complex social and economic systems. His remarks ranged from mathematics and economics to political theory and Greek history, leaving attendees at once stimulated and more than a little perplexed.

There is an underlying economic rationale too. Delegates often work in professions that place a premium on finding and exploiting the ideas central to processes of innovation in modern businesses. This makes the events business-friendly too - a fact compounded by their need to win extensive corporate sponsorship, which in turn pays for the meals and accommodation that non-paying guests and speakers enjoy.

Yet if the ideas are a little fuzzy, and the business jargon a little too prevalent, this is because, more than anything, these conferences are meant as a celebration, and a test, of the individuals picked to attend - those high-powered, busy, professionally successful types who make a living telling others what they should watch, read or buy.

RSA chief executive Matthew Taylor notes the importance of intellectual cross-dressing at such events: "They allow people to throw off their professional persona for 48 hours: journalists become social theorists, businesspeople become green warriors, and academics become showmen. But on Monday morning - perhaps to everyone's secret relief - it's back to work."

Although their easygoing participants would tend to deny this, these events are a new form of elitism: a novel way of marking out a social and professional hierarchy, in which sensibility and interestingness replaces class or creed. What follows is stimulating, but also reflects the similar outlooks of the media and intellectual elite in a post-ideological world: an ersatz form of intellectualism, which might have raised an eyebrow in Eric Hobsbawm's day.

Even so, such ideas events prosper because they solve a problem faced by many at the top of their professions. The much-discussed "death of distance" never happened; globalisation and the profusion of technology makes place more important. Similarly, a world of abundant, instantly accessible information seems to make personal connection more vital. This puts a premium on private events, which force their participants to spend time developing ideas without distraction. The ideas conference is here to stay.

The Polymath

Nassim Nicholas Taleb

As the guru credited with spotting the unexpected "black swan" events behind the global financial meltdown, Nassim Nicholas Taleb (illustration above) has a track record for spotting unusual ideas. He worries that we have still not learnt the lessons of the crisis, identifying ongoing major threats arising from "expert problems". The risk, he notes, is that "a pseudo-expert astrologist doesn't have many damaging side- effects, but a pseudo-expert economist certainly does".

Taleb is sceptical of some ideas gatherings. Davos is a particular bugbear; he turns down the annual invitation on the grounds that it is "too big, on the wrong topics, and with the wrong people". Other events have their problems too - in particular their tendency to turn "scientists into entertainers and circus performers".

Taleb is currently developing his thinking for a forthcoming book, which he describes as a deeper "volume two" of the themes he explored in The Black Swan. His new big idea is "anti-fragility", or the stability that comes from decentralised, complex systems - such as those found in nature (i.e. biomimicry), or artisan industries - which allow regular small acts of self-destruction, but adapt to keep the system as a whole stable. He contrasts this with fragile, centralised systems - such as the post-crisis banking industry - which prop up their failing parts.

The Agent

Caroline Michel

It is the books with the "big themes" that sell well nowadays, explains Caroline Michel (below), one of London's leading literary agents. Her job, she says, is one in which "amazing people come to me with brilliant ideas, and it is my job to work out what to do with them". In this role she styles herself as part of a new class of "professional mediators", a cadre of ideas professionals whose role it is to weed out "Pot-Noodle knowledge", and give the public new ways to find the valuable information they need.

Consequently, she is a confirmed ideas conference fan, citing book gatherings such as the annual Hay Festival as a source of inspiration. But when facing "an extraordinary spaghetti of knowledge and information", she says, even knowledge professionals find themselves struggling to "to pull through strands" they can understand. A world in which "we have access to this huge mass of information, and in which we are all instant doctors and instant reporters" therefore only increases the importance of those few "people you trust to show you the way through it" - and makes doubly important the chance to listen to them, and to interact with them, in person.

The Entrepreneur

Will … [more]
antifragility  conferences  cross-disciplinary  cross-pollination  David_Hume  Davos  fragility  hierarchies  ideas  ideaCity  invitation-only  Nassim_Taleb  self-destructive  TED  Tim_O'Reilly  thinking_big  trend_spotting  Zeitgeist 
march 2011 by jerryking

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