Intellectual property the next big thing, Greenspan predicts

March 5, 2004

“Of particular relevance to our economy overall is the application of property-right protection to information technology,” Greenspan said, adding, “How appropriate is our current system– developed for a world in which physical assets predominated– for an economy in which value increasingly is embodied in ideas rather than tangible capital? The importance of such questions is perhaps most readily appreciated here in Silicon Valley.”

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