Explaining China’s IP problem
Since man’s early origins, the desire to possess gold has been a universal obsession. Gold was once viewed as the ultimate symbol of power and wealth. Governments amassed vast quantities of gold to finance their economies and political ambitions. Until the mid-twentieth century, leading national currencies were directly tied to how much physical gold was housed in national treasuries. But 500 years ago, Sir Thomas More got it right when he described gold as something “which in itself is so useless.” Today, rather than gold, what truly represents a nation’s strength is its ability to innovate and control technologies.
