WEBVTT - How Intellectual Property Works

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<v Speaker 1>Welcome to Stuff you should know, a production of iHeartRadio.

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<v Speaker 2>Hey, and welcome to the podcast. I'm Josh, and there's

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<v Speaker 2>Chuck and Jerry's here and this is the Don't turn

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<v Speaker 2>it off. It's actually more interesting than it sounds.

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<v Speaker 1>Edition. Yeah. Can I just write off the bat shout

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<v Speaker 1>out Olivia? Uh, this was a I don't know, it's

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<v Speaker 1>not the most fun topic. But she really dug in

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<v Speaker 1>and it's great.

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<v Speaker 2>Yeah. Yeah, she's amazing at it actually, And this is yeah,

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<v Speaker 2>she figured it out, like there is something interesting in

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<v Speaker 2>intellectual property and she found it so.

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<v Speaker 1>Uh great, hudos, Ip.

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<v Speaker 2>Yeah, we are talking about intellectual property today. Everybody's heard

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<v Speaker 2>that term. You have to have been living under rocks

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<v Speaker 2>and not heard it. But we'll still tell you what

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<v Speaker 2>we're talking about, because we're those kind of people. I'm

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<v Speaker 2>just teasing everybody.

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<v Speaker 1>We're not talking about the Great Book The Yellow River

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<v Speaker 1>by Ip Freely no, no.

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<v Speaker 2>Okay no, or a building by Impay, nothing like that,

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<v Speaker 2>although that would fall under I'm sure some sort of

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<v Speaker 2>intellectual property protection. Intellectual property is basically the fruit of

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<v Speaker 2>your mental labor. It can be an invention, it can

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<v Speaker 2>be a.

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<v Speaker 1>Slogan, yeah, screenplay, song.

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<v Speaker 2>Yeah, yeah, it can be a movie you wrote, it

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<v Speaker 2>could be a way to do business like business methods.

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<v Speaker 2>It's gotten so crazy now that types of strains of

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<v Speaker 2>certain kinds of bacteria can be protected.

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<v Speaker 1>And the whole algorithm.

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<v Speaker 2>Yeah, that's another one, Like it just keeps going and going.

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<v Speaker 2>But anything that you can imagine, it doesn't even have

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<v Speaker 2>to be a tangible thing, Like an algorithm is not tangible.

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<v Speaker 2>Even when you put it down into code. It's not tangible.

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<v Speaker 2>It's an idea that you can make a computer you

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<v Speaker 2>to do really neat tricks with, but it's intangible. And again,

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<v Speaker 2>coke is it. It's a slogan that's not at all tangible,

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<v Speaker 2>and yet it's treated in most developed countries in the

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<v Speaker 2>world or most industrialized countries in the world as the

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<v Speaker 2>same thing as a property like your car or your

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<v Speaker 2>house or your wedding ring. Like it's protected, and the

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<v Speaker 2>way that it's protected is in really weird ways. Intellectual

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<v Speaker 2>property and intellectual property law are a very unique animal.

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<v Speaker 2>But what they all boil down to, Chuck is that

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<v Speaker 2>if you get some sort of protection for your slogan,

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<v Speaker 2>for your invention, for the screenplay you wrote, the government

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<v Speaker 2>says that's yours. You are the only person who has

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<v Speaker 2>any claim to it for X number of years, and

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<v Speaker 2>congratulations on the thing you came up with using your creativity.

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<v Speaker 2>And the whole purpose of having protection for intellectual property

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<v Speaker 2>is to spur creativity, to spur discovery, to spur invention,

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<v Speaker 2>to get it going. Because if you if you incentivize that,

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<v Speaker 2>if you say, hey, if you come up with the screenplay,

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<v Speaker 2>we're gonna make it so that no one else can

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<v Speaker 2>just come along and make the movie that you wrote,

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<v Speaker 2>that's yours, it's gonna make you want to keep pursuing

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<v Speaker 2>a career of writing screenplays. But if you wrote a

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<v Speaker 2>screenplay and you wrote it and it just didn't belong

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<v Speaker 2>to you from the moment you finished the last sentence,

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<v Speaker 2>and anybody could come along and make the movie and

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<v Speaker 2>not give you a dime for your creativity, for your labor,

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<v Speaker 2>you probably wouldn't do that, And so the public domain,

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<v Speaker 2>the cultural public domain, would suffer as a result. We

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<v Speaker 2>wouldn't have movies, we wouldn't have algorithms, we wouldn't have

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<v Speaker 2>coca is it amazing? Slogans like that. We would be

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<v Speaker 2>culturally bereft. If it were not for intellectual property protection,

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<v Speaker 2>and yet it is one of the most insidious legal

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<v Speaker 2>protections around today because it's been so thoroughly perverted from

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<v Speaker 2>its original intent.

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<v Speaker 1>Wow, it's been a while since who had one of those.

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<v Speaker 2>I feel pretty strongly about IP.

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<v Speaker 1>Here's a stat that LVIA found for US, which I

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<v Speaker 1>think is pretty interesting as far as like how big

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<v Speaker 1>IP is. And I think that this is from the

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<v Speaker 1>US Patent and Trademark Office, And things have been ticking

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<v Speaker 1>up as far as IP and how valuable it is

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<v Speaker 1>and how you know how much people are registering IP

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<v Speaker 1>and buying up IP since the nineties, and the US

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<v Speaker 1>PTO said by twenty nineteen says a few years old

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<v Speaker 1>that IP intensive industries accounted for forty one percent of

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<v Speaker 1>the US gross domestic product. That's great, and thirty three

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<v Speaker 1>percent of all employment was IP based. Yeah, that's startling.

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<v Speaker 2>We used to invent things. We used to make machines,

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<v Speaker 2>we used to develop airplace and cars and stuff like that.

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<v Speaker 2>But now we invent ideas. Although we still invent stuff too,

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<v Speaker 2>sure of course, but for the most part, that really

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<v Speaker 2>kind of goes to show you like we have come

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<v Speaker 2>to say, like, no, we're trading in ideas, and those

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<v Speaker 2>things are very valuable, and you can build an entire

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<v Speaker 2>industry around certain kinds of ideas, which is pretty nuts

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<v Speaker 2>if you think about it totally.

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<v Speaker 1>So if you're talking about US law, there are four

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<v Speaker 1>kinds of ip that law covers, and we've talked about

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<v Speaker 1>some of these here and there. I think we did

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<v Speaker 1>a whole episode on patents in me. Well. If we haven't,

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<v Speaker 1>we will. Patents are granted by the government, and everyone

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<v Speaker 1>kind of knows what a patent is. I think that's

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<v Speaker 1>when you invent an idea or a process or a design,

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<v Speaker 1>and you can get different kinds of patents. You can

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<v Speaker 1>get design patents or utility patents things like that. If

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<v Speaker 1>you're like if you invented the rebox pump mechanism for

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<v Speaker 1>the rebox shoe that we talked about, you would get

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<v Speaker 1>maybe a design patent and a utility patent that says

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<v Speaker 1>no one else can put an another pump and a

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<v Speaker 1>shoe that kind of thing. So it has to be novel,

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<v Speaker 1>which is the real key, useful and non obvious. If

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<v Speaker 1>it qualifies, and you're generally it depends, but you're going

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<v Speaker 1>to get about twenty years out of that patent. And

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<v Speaker 1>you got to pay for it to get it, and

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<v Speaker 1>it's not cheap to get a patent. You have to

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<v Speaker 1>pay an attorney to do all the legwork and that's

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<v Speaker 1>never cheap. Right.

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<v Speaker 2>The next one, Chuck, is trademarks, which everybody knows what

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<v Speaker 2>a trademark is, especially if you grew up in the

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<v Speaker 2>second half of the twentieth century. That's when trademarks were

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<v Speaker 2>everywhere and kind of what we wore on our T

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<v Speaker 2>shirts and stuff. Right, Coke, is it who didn't have

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<v Speaker 2>that T shirt or a bud Light T shirt with

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<v Speaker 2>Spuds Mackenzie surfing on it?

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<v Speaker 1>I had has puts mckenzy shirt.

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<v Speaker 2>So trademark is basically a brand name, kim be a slogan,

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<v Speaker 2>and it is something that you specifically associate with a

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<v Speaker 2>specific company or a specific brand. Yeah, and you actually

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<v Speaker 2>don't even have to trademark or register your trademark just

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<v Speaker 2>from using you know, the Spuds Mackenzie drawing that you

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<v Speaker 2>see everywhere are used to you're exercising your right to

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<v Speaker 2>use that trademark and you can actually enforce in action

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<v Speaker 2>against infringement on it. So if you haven't registered something,

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<v Speaker 2>you'll see the TM That means that hey, this is

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<v Speaker 2>our trademark. Don't mess with it. We haven't gone to

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<v Speaker 2>the trouble of registering it. A registered trademark is that

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<v Speaker 2>a capital are in a circle.

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<v Speaker 1>That means that they.

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<v Speaker 2>Actually did go to the trouble of registering it, and

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<v Speaker 2>you really better not mess with them.

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<v Speaker 1>Yeah. Like an example is when you've seen court cases

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<v Speaker 1>plenty of times where you'll see a company go in

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<v Speaker 1>and say, here are one hundred and fifty examples of

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<v Speaker 1>where we used this over the years. That's people trying

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<v Speaker 1>to argue that they that's their trademark because they didn't

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<v Speaker 1>copyright it or they didn't trademark it.

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<v Speaker 2>That's why McDonald's had a legitimate case against McDowell's.

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<v Speaker 1>Right. Oh man, great movie.

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<v Speaker 2>There is also copyrights. That's another big one. I think

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<v Speaker 2>everybody's pretty familiar with that. But that screenplay that you wrote,

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<v Speaker 2>or the computer program that you came up with that

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<v Speaker 2>you coded essentially a creative work, and you, as the

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<v Speaker 2>copyright owner, you as the creator, have the sole right

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<v Speaker 2>to do as you please with that, to turn that

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<v Speaker 2>software into something that you sell over and over and

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<v Speaker 2>over again, turn that screenplay into a movie. Like it's

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<v Speaker 2>totally up to you, and nobody else can do it

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<v Speaker 2>while you hold that copyright, and copyrights are the ones

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<v Speaker 2>that last the longest. I don't know if we said

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<v Speaker 2>trademarks never run out.

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<v Speaker 1>Right, we didn't say it.

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<v Speaker 2>As long as you're using as a trademark, you never

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<v Speaker 2>your exclusivity never runs out. With patents, like you said,

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<v Speaker 2>I think twenty years. With copyrights, it's seventy plus years

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<v Speaker 2>after creation.

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<v Speaker 1>Typically, I think it's seventy years after the death of

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<v Speaker 1>the creator.

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<v Speaker 2>Right, that's plus the creator's life is ensconced in that

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<v Speaker 2>plus symbol.

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<v Speaker 1>All right, Okay, I got you, and we'll talk about

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<v Speaker 1>that later. That came from nineteen seventy eight. As far

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<v Speaker 1>as screenplays and stuff, I think you can get a copyright,

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<v Speaker 1>but the WGA has registration methods. You can register your

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<v Speaker 1>script but you don't even have to do that stuff.

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<v Speaker 1>But you would be wise too, because then you would

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<v Speaker 1>have to if you haven't, you would have to prove

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<v Speaker 1>that it was your id for idea first and someone

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<v Speaker 1>didn't rip it off.

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<v Speaker 2>Yeah, there's that other way to do, which is mail

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<v Speaker 2>it to yourself in a sealed world. I don't know,

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<v Speaker 2>but it seems like if you don't have to go

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<v Speaker 2>to the trouble of registering it. That would help your

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<v Speaker 2>claim quite a bit.

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<v Speaker 1>Yeah, the poor person's copyright. I've heard that before. Sure.

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<v Speaker 1>And what else? We got trade secrets and that's recipes, strategies,

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<v Speaker 1>customer customer information, which is big any kind of process,

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<v Speaker 1>like industrial process that you don't want another competitor to

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<v Speaker 1>know about. And I don't think you need to register

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<v Speaker 1>these either. No, And I meant to look up whether

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<v Speaker 1>or not that's an actual downside because then you have

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<v Speaker 1>to disclose things.

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<v Speaker 2>No, you, oh, if you, if you registered it, that

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<v Speaker 2>might be why you don't have to register it, because

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<v Speaker 2>I wonder if we said or not. One of the

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<v Speaker 2>reasons that patents are so beneficial is because you have

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<v Speaker 2>to disclose exactly how that thing works, so that after

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<v Speaker 2>your patent runs out, somebody can come along and make

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<v Speaker 2>the same thing from your your patent. Trade secrets, Yeah,

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<v Speaker 2>you would not want to do that because they never

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<v Speaker 2>run out. Just like trademarks, they're your secrets for as

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<v Speaker 2>long as you actively work to keep them secret, like

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<v Speaker 2>you make employees and sign NDA's remember that episode that

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<v Speaker 2>was a good one. Yeah, or you you keep the

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<v Speaker 2>recipe to Kentucky Fried Chicken's original chicken like under lock

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<v Speaker 2>and key with armed guards standing outside. That would be

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<v Speaker 2>a pretty pretty good demonstration of actively protecting your trade secrets.

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<v Speaker 1>Yeah, they don't need to register it. They have guns.

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<v Speaker 2>Exactly exactly where this.

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<v Speaker 1>All started is pretty interesting. We'll kind of quickly go

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<v Speaker 1>through the history. It could go as back as far

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<v Speaker 1>as ancient Greece, but as far as ip as we

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<v Speaker 1>think of it today. You can point to fourteen twenty

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<v Speaker 1>one in the Republic of Florence and June nineteenth of

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<v Speaker 1>that year when the government said, hey, Filippo brune Shelley, Nope,

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<v Speaker 1>Brune Leschi ski ski.

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<v Speaker 2>Remember it's is it really sound with the ch in Italian?

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<v Speaker 1>Filipo brune Leski There you go. Okay, I'm doing the accent,

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<v Speaker 1>you guys. We heard from Italians it said, keep doing it.

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<v Speaker 2>There you go.

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<v Speaker 1>Filippo was an architect and had a patent for a

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<v Speaker 1>technique to move marble over a barge, and they said, hey,

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<v Speaker 1>this was really smart and you should make money off

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<v Speaker 1>this and only you, and that kind of kicked the

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<v Speaker 1>whole thing off and over the next you know, one

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<v Speaker 1>hundred years or so, governments across Europe started sort of

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<v Speaker 1>doing the same things and getting together these ideas that

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<v Speaker 1>you should be able to patent and own processes and ideas,

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<v Speaker 1>including the Venetian Patent Statute of fourteen seventy four yeah,

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<v Speaker 1>which said, hey, it's up to us and our government

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<v Speaker 1>can grant you a ten year monopoly on the use

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<v Speaker 1>of a technology that you have made up, and if

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<v Speaker 1>you violate it, you can get fined or you can

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<v Speaker 1>get like a public citation.

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<v Speaker 2>Yeah. And again, by using government power to protect people's

0:12:26.880 --> 0:12:32.280
<v Speaker 2>inventions and ideas help spur creativity and discovery and new inventions.

0:12:33.160 --> 0:12:36.040
<v Speaker 2>And it wasn't just the Venetians who figured this out.

0:12:36.760 --> 0:12:40.680
<v Speaker 2>About one hundred and fifty years later, England said hey,

0:12:40.720 --> 0:12:44.360
<v Speaker 2>we're going to pass our Statute of Monopolies and it

0:12:44.400 --> 0:12:49.440
<v Speaker 2>basically said that if you have a new invention, you

0:12:49.600 --> 0:12:52.840
<v Speaker 2>have a monopoly to it for a certain period of time,

0:12:53.000 --> 0:12:55.560
<v Speaker 2>very similar to what we have now for patents. But

0:12:55.640 --> 0:12:59.280
<v Speaker 2>what's interesting about that is that that actually rolled back

0:13:00.160 --> 0:13:03.760
<v Speaker 2>even more draconian law where basically the king could hand

0:13:03.760 --> 0:13:07.000
<v Speaker 2>out patents or sell patents exactly to whoever they wanted,

0:13:07.120 --> 0:13:10.800
<v Speaker 2>and you could get a patent on vinegar, so like

0:13:10.840 --> 0:13:13.200
<v Speaker 2>there existing stuff. If you were a friend with the king,

0:13:13.320 --> 0:13:16.200
<v Speaker 2>you could be the sole producer of vinegar if the

0:13:16.280 --> 0:13:20.200
<v Speaker 2>king gave you a patent for vinegar. And the Parliament said,

0:13:20.200 --> 0:13:25.839
<v Speaker 2>this is actually stifling progress and discovery. We're going to

0:13:25.880 --> 0:13:28.640
<v Speaker 2>say this is limited to new inventions and for a

0:13:28.679 --> 0:13:33.000
<v Speaker 2>limited period of time, which were two really good kind

0:13:33.000 --> 0:13:35.240
<v Speaker 2>of points to add to that whole idea.

0:13:35.320 --> 0:13:39.040
<v Speaker 1>Totally well, and it prevented you know, they were definitely

0:13:39.040 --> 0:13:43.760
<v Speaker 1>getting kickbacks and or just outright selling stuff, right, the

0:13:43.840 --> 0:13:47.800
<v Speaker 1>king selling Yeah, the king was so here. In the US,

0:13:47.920 --> 0:13:52.600
<v Speaker 1>our Constitution's Patent and Copyright clause gives Congress the power

0:13:53.000 --> 0:13:56.120
<v Speaker 1>to quote promote the progress of science and useful arts

0:13:56.120 --> 0:13:59.640
<v Speaker 1>by securing for limited times to authors and inventors the

0:13:59.640 --> 0:14:04.600
<v Speaker 1>excls right to their respective writings and discoveries. This was,

0:14:05.160 --> 0:14:07.280
<v Speaker 1>I think past. I think the first patent was in

0:14:07.640 --> 0:14:12.160
<v Speaker 1>seventeen ninety granted to one Samuel Hopkins, who is producing

0:14:12.160 --> 0:14:17.120
<v Speaker 1>it had a method of producing potash. And they're like, hey, congratulations,

0:14:17.200 --> 0:14:18.640
<v Speaker 1>you are patent number one.

0:14:18.920 --> 0:14:22.360
<v Speaker 2>He said, wow, gee, that's amazing. I've never been first

0:14:22.400 --> 0:14:23.000
<v Speaker 2>at anything.

0:14:23.600 --> 0:14:24.080
<v Speaker 1>That's right.

0:14:24.200 --> 0:14:26.080
<v Speaker 2>He's done his shoelaces, that's right.

0:14:26.120 --> 0:14:28.320
<v Speaker 1>He was first on the internet, commenting all the time,

0:14:28.360 --> 0:14:29.480
<v Speaker 1>but no one counts that.

0:14:30.320 --> 0:14:32.240
<v Speaker 2>So this whole thing, if you, if you stop and

0:14:32.240 --> 0:14:34.840
<v Speaker 2>think about it's all legal fiction. Like the government is

0:14:34.840 --> 0:14:37.800
<v Speaker 2>saying you have a monopoly on it, but that's that

0:14:37.960 --> 0:14:42.440
<v Speaker 2>doesn't there's no actual concrete anything going on here. They're

0:14:42.480 --> 0:14:45.040
<v Speaker 2>just saying nobody else can use this thing that you

0:14:45.120 --> 0:14:48.120
<v Speaker 2>came up with. We're the government, we're saying so. But

0:14:48.720 --> 0:14:53.680
<v Speaker 2>the whole concept of protecting intellectual property actually is rooted.

0:14:53.760 --> 0:14:58.000
<v Speaker 2>It has a philosophical basis. There's a few different justifications

0:14:58.040 --> 0:15:01.240
<v Speaker 2>for it. The first came from well, I don't know

0:15:01.280 --> 0:15:03.040
<v Speaker 2>if it's the first, but the first in this list

0:15:03.160 --> 0:15:07.800
<v Speaker 2>came from Hegel, the German philosopher, who said that intellectual

0:15:07.840 --> 0:15:11.960
<v Speaker 2>property is an extension of you. Like if you go

0:15:12.080 --> 0:15:14.920
<v Speaker 2>out and you buy some seeds, and you buy some land,

0:15:15.240 --> 0:15:19.040
<v Speaker 2>and you grow crops from those seeds on that land,

0:15:19.280 --> 0:15:22.320
<v Speaker 2>those are your crops. You mixed your labor with your

0:15:22.360 --> 0:15:26.560
<v Speaker 2>own resources and created something, and that's yours. Why would

0:15:26.560 --> 0:15:30.120
<v Speaker 2>it be any different for your ideas? You used your resources,

0:15:30.160 --> 0:15:34.280
<v Speaker 2>say schooling or inspiration, and you used your brain power

0:15:34.480 --> 0:15:38.960
<v Speaker 2>to turn it into an idea or a thought. That

0:15:39.000 --> 0:15:42.360
<v Speaker 2>you could tell other people. I can't do that, but

0:15:42.520 --> 0:15:45.120
<v Speaker 2>you know other people can. According to Hegel, why would

0:15:45.200 --> 0:15:47.440
<v Speaker 2>you not own that as well just as you would

0:15:47.520 --> 0:15:48.160
<v Speaker 2>those crops.

0:15:49.080 --> 0:15:51.280
<v Speaker 1>Now, what's the difference between that and Lockian?

0:15:53.360 --> 0:15:58.480
<v Speaker 2>Lockian is there's actually not a lot of difference, to

0:15:58.560 --> 0:15:59.400
<v Speaker 2>tell you the truth.

0:16:00.240 --> 0:16:03.640
<v Speaker 1>So that's just another, you know, similar school of thought

0:16:03.680 --> 0:16:04.640
<v Speaker 1>from another philosopher.

0:16:04.720 --> 0:16:07.600
<v Speaker 2>Yeah, an earlier philosopher too, by a couple hundred years,

0:16:07.600 --> 0:16:10.040
<v Speaker 2>I think, But it's essentially the same thing from what

0:16:10.080 --> 0:16:10.640
<v Speaker 2>I can tell.

0:16:11.400 --> 0:16:15.040
<v Speaker 1>Well, there's also a utilitarian which means your INCENTIVI is

0:16:15.160 --> 0:16:18.280
<v Speaker 1>to create something, which is what you've been talking about,

0:16:18.360 --> 0:16:20.400
<v Speaker 1>and the fact that you know, no one's going to

0:16:20.400 --> 0:16:21.920
<v Speaker 1>spend a lot of time doing this stuff. If that

0:16:21.920 --> 0:16:23.520
<v Speaker 1>they it's all about money. If you don't have the

0:16:23.560 --> 0:16:28.280
<v Speaker 1>incentive eventually of fortune, then you're not going to spend

0:16:28.320 --> 0:16:29.080
<v Speaker 1>your time doing it.

0:16:29.120 --> 0:16:32.360
<v Speaker 2>Probably, yes, And I understand the difference now if I

0:16:32.800 --> 0:16:35.040
<v Speaker 2>kind of make correct myself. Locke was the one who

0:16:35.080 --> 0:16:38.480
<v Speaker 2>is essentially saying, you just like mixing seeds with land

0:16:38.760 --> 0:16:42.120
<v Speaker 2>and growing crops. You same thing with your thoughts. Hagel

0:16:42.200 --> 0:16:45.480
<v Speaker 2>was saying, like, you own your thoughts just as much

0:16:45.520 --> 0:16:48.000
<v Speaker 2>as you own your body, you own your thoughts, and

0:16:48.040 --> 0:16:50.800
<v Speaker 2>that they're your thoughts and they should belong to you.

0:16:51.000 --> 0:16:54.680
<v Speaker 2>So there's definitely a distinction between the two. I was confused.

0:16:55.120 --> 0:16:56.760
<v Speaker 2>Has happened sometimes.

0:16:57.800 --> 0:17:02.120
<v Speaker 1>So let's take a break, good idea. All right, we'll

0:17:02.160 --> 0:17:24.040
<v Speaker 1>be right back. All right, we're back everyone, and we're

0:17:24.080 --> 0:17:26.600
<v Speaker 1>here to talk about some criticisms of the whole concept

0:17:26.640 --> 0:17:30.159
<v Speaker 1>of IP. And things have really changed a lot since

0:17:30.960 --> 0:17:33.560
<v Speaker 1>the Internet age and the tech boom as far as

0:17:33.680 --> 0:17:36.359
<v Speaker 1>IP goes, things really really ramped up and took off.

0:17:36.800 --> 0:17:42.080
<v Speaker 1>And there's a legal philosopher named Samir Chopra and Livia

0:17:42.080 --> 0:17:47.119
<v Speaker 1>found this article in aon and basically said that, you know,

0:17:47.359 --> 0:17:49.479
<v Speaker 1>kind of grouping all this stuff together and it's not

0:17:49.520 --> 0:17:52.000
<v Speaker 1>just choprah like other critics will argue the same thing.

0:17:52.480 --> 0:17:55.280
<v Speaker 1>If you say trademarks and copyrights and patents and trade

0:17:55.320 --> 0:17:58.840
<v Speaker 1>secrets and everything is all the same thing, which is IP,

0:17:59.520 --> 0:18:02.840
<v Speaker 1>it really just sort of diminishes each one's specific purpose

0:18:03.720 --> 0:18:07.360
<v Speaker 1>because they all have a specific purpose. And calling it

0:18:07.440 --> 0:18:11.680
<v Speaker 1>just intellectual property, you like, using the word property even

0:18:12.800 --> 0:18:16.199
<v Speaker 1>makes it sound like you're a thief, that you're taking

0:18:16.240 --> 0:18:19.760
<v Speaker 1>something tangible, when in fact it still exists, Like you,

0:18:20.920 --> 0:18:23.960
<v Speaker 1>if you download a song for free, you're not taking

0:18:24.000 --> 0:18:27.080
<v Speaker 1>that song from the artist. You're just getting that song

0:18:27.119 --> 0:18:29.399
<v Speaker 1>for free, and that song still exists and the artist

0:18:29.400 --> 0:18:30.000
<v Speaker 1>still owns it.

0:18:30.280 --> 0:18:32.399
<v Speaker 2>Yeah. That was a big part of Chopra's point that

0:18:34.200 --> 0:18:38.080
<v Speaker 2>calling it intellectual property theft or crime makes it a

0:18:38.160 --> 0:18:41.200
<v Speaker 2>moral thing, whereas if you just call it copyright infringement,

0:18:41.200 --> 0:18:44.480
<v Speaker 2>it sounds like a bureaucratic issue, you know what I mean. Yeah, yeah,

0:18:44.520 --> 0:18:47.000
<v Speaker 2>that makes sense, and that that's unfair semantically to kind

0:18:47.000 --> 0:18:48.960
<v Speaker 2>of put it all together. But even more so, they

0:18:49.040 --> 0:18:51.600
<v Speaker 2>don't all really relate to one another as easily as

0:18:52.560 --> 0:18:55.439
<v Speaker 2>you would think by being all lumped together under one term.

0:18:56.000 --> 0:19:01.240
<v Speaker 2>And so, like most legal protection and probably all legal

0:19:01.240 --> 0:19:05.359
<v Speaker 2>protection of intellectual property around the world, they say, well,

0:19:05.359 --> 0:19:08.320
<v Speaker 2>there's actually we'll put some limitations on here. One of

0:19:08.359 --> 0:19:11.800
<v Speaker 2>the big ones is that there's a time limitation on it. Yeah,

0:19:12.040 --> 0:19:14.680
<v Speaker 2>And again the reason why is because they're they're saying,

0:19:14.760 --> 0:19:17.840
<v Speaker 2>there's a very difficult balance that's being struck here. One

0:19:17.920 --> 0:19:22.760
<v Speaker 2>is that you want to foster discovery. You want to

0:19:22.760 --> 0:19:24.960
<v Speaker 2>incentivize people to go out and invent new things and

0:19:25.000 --> 0:19:27.600
<v Speaker 2>come up with new ideas, because everyone benefits from that.

0:19:28.280 --> 0:19:31.280
<v Speaker 2>But at the same time, you don't want to incentivize

0:19:31.280 --> 0:19:34.639
<v Speaker 2>it so much that you actually disincentivize it by giving

0:19:34.680 --> 0:19:37.000
<v Speaker 2>people too long of a monopoly. So you give them

0:19:37.040 --> 0:19:39.359
<v Speaker 2>twenty years for a patent or something, right, which works

0:19:39.400 --> 0:19:41.880
<v Speaker 2>out because you know, I think about it, Think about

0:19:41.920 --> 0:19:46.880
<v Speaker 2>if the first mobile phone had like a seventy year

0:19:46.960 --> 0:19:50.399
<v Speaker 2>patent where we be right now? You know, so twenty

0:19:50.480 --> 0:19:53.359
<v Speaker 2>years seems fair, I guess in that context.

0:19:53.880 --> 0:19:56.440
<v Speaker 1>Well, also that gives you that's basically saying like, you

0:19:56.520 --> 0:19:58.119
<v Speaker 1>got this amount of time to do something with it.

0:19:58.560 --> 0:20:01.240
<v Speaker 1>M yeah, go, nobody else is going to do it, Yeah,

0:20:01.320 --> 0:20:02.520
<v Speaker 1>should do it for sure.

0:20:03.440 --> 0:20:06.840
<v Speaker 2>There's also like with copyright law as well, there's like

0:20:06.920 --> 0:20:09.520
<v Speaker 2>fair use, like we talked about in the Mad episode

0:20:10.320 --> 0:20:14.199
<v Speaker 2>how parodies allowed, or you can comment on it that

0:20:14.240 --> 0:20:17.760
<v Speaker 2>there's there are some exceptions to the rule. It's not

0:20:17.880 --> 0:20:20.800
<v Speaker 2>just like ironclad, and for good reason, because again, this

0:20:20.880 --> 0:20:22.800
<v Speaker 2>is a very difficult balance to strike.

0:20:23.560 --> 0:20:25.600
<v Speaker 1>Yeah, and we've had our struggles with that over the

0:20:25.680 --> 0:20:30.000
<v Speaker 1>year in our own show when we're doing an episode

0:20:30.040 --> 0:20:32.639
<v Speaker 1>on something where it would be like hip hop or something,

0:20:32.680 --> 0:20:36.520
<v Speaker 1>or record scratching, like those really lend themselves to playing

0:20:36.560 --> 0:20:41.920
<v Speaker 1>examples and we've never been super clear on the actual law.

0:20:42.320 --> 0:20:45.080
<v Speaker 1>We could probably get away with it, but we different

0:20:45.080 --> 0:20:47.439
<v Speaker 1>companies we've worked for over the years had different tolerances

0:20:47.480 --> 0:20:51.320
<v Speaker 1>for just getting you know, even having to suffer through

0:20:51.320 --> 0:20:54.280
<v Speaker 1>the hassle legally of seeing if it's okay to do that,

0:20:54.400 --> 0:20:56.439
<v Speaker 1>So we've always just not done it generally.

0:20:56.560 --> 0:20:59.359
<v Speaker 2>Yeah, I mean we have a few times, like I

0:20:59.359 --> 0:21:02.800
<v Speaker 2>think the Disco episode we did, but we were clearly

0:21:02.840 --> 0:21:05.879
<v Speaker 2>commenting on the stuff. We weren't just using it for fun, like.

0:21:06.119 --> 0:21:08.120
<v Speaker 1>Yeah, and there's also a time limit that we were

0:21:08.160 --> 0:21:10.639
<v Speaker 1>never sure, like you can play so many seconds, you

0:21:10.720 --> 0:21:14.200
<v Speaker 1>have to comment on it. And Jerry was always the

0:21:14.240 --> 0:21:17.320
<v Speaker 1>fun killer. You know, Mom had to come in and say, guys,

0:21:17.400 --> 0:21:21.000
<v Speaker 1>you can't do that. And not a great position for

0:21:21.119 --> 0:21:21.760
<v Speaker 1>Jerry to be in.

0:21:22.080 --> 0:21:25.520
<v Speaker 2>No, but a highly natural one. It felt right.

0:21:27.680 --> 0:21:30.000
<v Speaker 1>The other thing we should talk about is the cost

0:21:30.080 --> 0:21:34.800
<v Speaker 1>to consumers, which is there are people that say, and

0:21:34.840 --> 0:21:36.680
<v Speaker 1>of course this is when we're going to talk about

0:21:36.680 --> 0:21:39.520
<v Speaker 1>pharmaceuticals because that's a big part of IP. But there's

0:21:39.520 --> 0:21:42.959
<v Speaker 1>an econoistman named Dean Baker and others who say, like,

0:21:43.440 --> 0:21:45.720
<v Speaker 1>you know, the effect of this IP law is really

0:21:46.080 --> 0:21:50.400
<v Speaker 1>making the one percent just even more rich, and there's

0:21:50.440 --> 0:21:52.679
<v Speaker 1>a transfer of wealth to the tune of about a

0:21:52.880 --> 0:21:58.399
<v Speaker 1>trillion dollars a year because largely because of pharmaceutical companies,

0:21:58.440 --> 0:22:00.760
<v Speaker 1>they're a big chunk of that trillion dollar. When you

0:22:02.440 --> 0:22:06.560
<v Speaker 1>grant a monopoly on a drug, and sometimes even the

0:22:06.600 --> 0:22:09.720
<v Speaker 1>government funds that to help make it happen. But then

0:22:09.800 --> 0:22:12.760
<v Speaker 1>this one company has this drug and they can charge

0:22:12.800 --> 0:22:14.920
<v Speaker 1>whatever they want for it, and then all of a

0:22:14.920 --> 0:22:18.400
<v Speaker 1>sudden there's a trillion dollars being you know, put in

0:22:18.680 --> 0:22:21.120
<v Speaker 1>this rich person's pocket and then transferring it to another

0:22:21.200 --> 0:22:22.080
<v Speaker 1>rich person's pocket.

0:22:22.160 --> 0:22:25.520
<v Speaker 2>Well, yeah, and the trillion dollars he calculated, is that's

0:22:25.560 --> 0:22:30.399
<v Speaker 2>the amount we pay a year beyond what we should

0:22:30.400 --> 0:22:30.879
<v Speaker 2>be paying.

0:22:31.320 --> 0:22:33.720
<v Speaker 1>Yeah, pharmaceuticals mainly.

0:22:33.520 --> 0:22:36.520
<v Speaker 2>Yeah, that's a really good, easy example, he calculated. They

0:22:36.520 --> 0:22:39.760
<v Speaker 2>make up about three hundred and eighty five billion of

0:22:39.880 --> 0:22:43.000
<v Speaker 2>that trillion trillion. But there's also other stuff too. There's

0:22:43.080 --> 0:22:46.640
<v Speaker 2>like types of fertilizer and types of seed that are

0:22:46.680 --> 0:22:51.480
<v Speaker 2>patented that because they own a patent, And if you

0:22:51.520 --> 0:22:53.480
<v Speaker 2>want this life saving medicine and you want this one

0:22:53.560 --> 0:22:56.959
<v Speaker 2>kind of seed, you have to pay whatever price we

0:22:57.000 --> 0:22:59.280
<v Speaker 2>want because we're the only ones who can sell it.

0:22:59.640 --> 0:23:03.280
<v Speaker 2>Because we have a government sanctioned monopoly. That all of

0:23:03.320 --> 0:23:05.320
<v Speaker 2>that adds up to about a trillion dollars more a

0:23:05.400 --> 0:23:09.200
<v Speaker 2>year that we're paying. And like I said, the pharmaceutical

0:23:09.280 --> 0:23:13.720
<v Speaker 2>companies in particular are they're an easy target. But the

0:23:13.760 --> 0:23:16.280
<v Speaker 2>reason they're an easy target is because they demonstrate so

0:23:16.960 --> 0:23:22.239
<v Speaker 2>thoroughly the problems with intellectual property protections. And that is

0:23:22.280 --> 0:23:24.680
<v Speaker 2>like you were saying, they make ridiculous amounts of money.

0:23:24.720 --> 0:23:26.959
<v Speaker 2>They charge whatever they want to charge because they're the

0:23:27.000 --> 0:23:30.399
<v Speaker 2>only ones making this drug for X number of years,

0:23:30.440 --> 0:23:32.720
<v Speaker 2>like twenty years or something like that. Right, and then

0:23:32.840 --> 0:23:36.120
<v Speaker 2>to add insult to injury, they have tons of government funding.

0:23:36.280 --> 0:23:39.439
<v Speaker 2>In the United States, the National Institutes of Health kicking

0:23:39.720 --> 0:23:44.720
<v Speaker 2>forty billion dollars for research, and I think the pharmaceutical

0:23:44.720 --> 0:23:48.480
<v Speaker 2>industry total spends about another ninety billion. There's a lot

0:23:48.480 --> 0:23:53.199
<v Speaker 2>of money on research, but they found that they in

0:23:53.280 --> 0:23:57.719
<v Speaker 2>twenty twenty, the ten largest pharmaceutical makers spent more on

0:23:57.840 --> 0:24:01.960
<v Speaker 2>selling and marketing existing rugs than they did on research

0:24:02.040 --> 0:24:05.480
<v Speaker 2>for new drugs. They also spent seven hundred and forty

0:24:05.520 --> 0:24:10.040
<v Speaker 2>seven billion dollars between I think twenty two thousand and

0:24:10.119 --> 0:24:14.560
<v Speaker 2>one and twenty twenty and stock buybacks and dividends and

0:24:15.359 --> 0:24:17.200
<v Speaker 2>stock buybacks are not the worst thing in the world.

0:24:17.200 --> 0:24:19.680
<v Speaker 2>There's definitely worse things you could do with your corporate cash.

0:24:19.720 --> 0:24:23.119
<v Speaker 2>You're essentially paying back loans that investors gave you. Nothing

0:24:23.119 --> 0:24:26.840
<v Speaker 2>inherently wrong with stock buybacks. But pharmaceutical industry, it's a

0:24:26.960 --> 0:24:29.639
<v Speaker 2>different example. And one of the things they could be

0:24:29.720 --> 0:24:32.480
<v Speaker 2>doing with that extra money, rather than upping their share price,

0:24:32.800 --> 0:24:35.440
<v Speaker 2>is pouring it into more and more research and development,

0:24:35.480 --> 0:24:38.359
<v Speaker 2>because there's a lot of diseases that still need to

0:24:38.400 --> 0:24:43.879
<v Speaker 2>be cured, and they're instead spending it on ads that

0:24:43.960 --> 0:24:45.400
<v Speaker 2>you see on nightly news.

0:24:45.960 --> 0:24:49.560
<v Speaker 1>Yeah. True, that is why there are some people out there.

0:24:49.640 --> 0:24:52.040
<v Speaker 1>And LVIA found this one guy from Columbia University and

0:24:52.080 --> 0:24:56.840
<v Speaker 1>economist named Joseph Stiglitz's great name, that said, what we

0:24:56.880 --> 0:25:01.320
<v Speaker 1>should be doing is giving out big cash p for

0:25:03.640 --> 0:25:06.840
<v Speaker 1>a new discovery, a new pharmaceutical discovery that's like a

0:25:06.880 --> 0:25:10.360
<v Speaker 1>game changer, and instead of spending your money on advertising

0:25:10.400 --> 0:25:15.520
<v Speaker 1>and marketing or on like drugs for balding and a

0:25:15.600 --> 0:25:19.480
<v Speaker 1>rectile dysfunction. Not saying that those aren't issues. I don't

0:25:19.480 --> 0:25:22.920
<v Speaker 1>want to diminish anyone's problems with any of those things.

0:25:22.960 --> 0:25:25.720
<v Speaker 1>To be clear, but a cure for cancer would be better.

0:25:25.800 --> 0:25:29.160
<v Speaker 1>I think we can all agree. And or you know,

0:25:29.400 --> 0:25:33.360
<v Speaker 1>drugs to treat malaria when developing countries are being ignored

0:25:33.400 --> 0:25:37.960
<v Speaker 1>because they're concentrating on something like a cure for baldness.

0:25:38.200 --> 0:25:41.399
<v Speaker 1>So like, let's give a cash prize instead of a

0:25:41.440 --> 0:25:44.919
<v Speaker 1>monopoly and say, hey, we'll give you I mean, I'm

0:25:44.960 --> 0:25:48.240
<v Speaker 1>just throwing out numbers. This it wasn't from Stigletz, but here,

0:25:48.280 --> 0:25:50.560
<v Speaker 1>we'll give you five hundred million dollars if you come

0:25:50.640 --> 0:25:53.560
<v Speaker 1>up with a cure for cancer. And then that's just

0:25:53.600 --> 0:25:56.280
<v Speaker 1>a cash award given to your company. And then it's

0:25:56.400 --> 0:25:59.800
<v Speaker 1>open source and any pharmaceutical company in the world can

0:26:00.000 --> 0:26:02.320
<v Speaker 1>make this stuff and get it out there super fast

0:26:02.400 --> 0:26:04.639
<v Speaker 1>and competitively speaking, probably cheaper.

0:26:05.320 --> 0:26:08.320
<v Speaker 2>Yes, And if you they threw out that five hundred

0:26:08.359 --> 0:26:11.600
<v Speaker 2>million figure the pharmaceutical industry, we'd be like, huh, yeah,

0:26:11.800 --> 0:26:19.440
<v Speaker 2>that's lunch. So Stiglay, you're like a doctor evil five

0:26:19.560 --> 0:26:24.080
<v Speaker 2>hundred million dollars totally. So Stiglas is saying, like, you

0:26:24.200 --> 0:26:26.359
<v Speaker 2>don't want to just do away with the patent and

0:26:26.520 --> 0:26:29.119
<v Speaker 2>trademark protection, like you want to keep that because it

0:26:29.160 --> 0:26:32.760
<v Speaker 2>does incentivize research in other areas. What he was saying

0:26:32.840 --> 0:26:37.000
<v Speaker 2>is identify the really terrible diseases that don't have a

0:26:37.040 --> 0:26:41.199
<v Speaker 2>financial incentive to have research and development money thrown at.

0:26:41.200 --> 0:26:43.560
<v Speaker 2>I'm like malaria. It's one of the top ten killers

0:26:43.600 --> 0:26:47.120
<v Speaker 2>in the world, but it kills people in less developed,

0:26:47.240 --> 0:26:50.520
<v Speaker 2>lower income countries who don't have the money to spend

0:26:50.680 --> 0:26:54.200
<v Speaker 2>on that kind of drug, so the malaria is allowed

0:26:54.240 --> 0:26:57.000
<v Speaker 2>to run rampant. What Stiglas is saying is governments can

0:26:57.040 --> 0:26:59.119
<v Speaker 2>get together, or the US could do it alone and

0:26:59.160 --> 0:27:02.200
<v Speaker 2>say we'll give you five hundred billion dollars for a

0:27:02.280 --> 0:27:05.680
<v Speaker 2>cure familaria and then the other stuff you guys keep going,

0:27:06.119 --> 0:27:07.919
<v Speaker 2>you know, and doing and making your money off of.

0:27:07.960 --> 0:27:10.119
<v Speaker 2>But how about an extra five hundred billion nothing to

0:27:10.160 --> 0:27:13.000
<v Speaker 2>sneeze at. So exactly, it's a it's a good idea,

0:27:13.119 --> 0:27:15.280
<v Speaker 2>but I think there's a flaw in it to chuck,

0:27:15.680 --> 0:27:17.920
<v Speaker 2>and that is that if the US government did this

0:27:19.200 --> 0:27:22.080
<v Speaker 2>and made it open source like he's suggesting, like you said,

0:27:22.680 --> 0:27:25.840
<v Speaker 2>then the rest of the world would benefit from the

0:27:25.960 --> 0:27:29.879
<v Speaker 2>US government funding. We'd become the drug research funders for

0:27:29.920 --> 0:27:32.880
<v Speaker 2>the world. The rest of the world would become free

0:27:32.920 --> 0:27:35.359
<v Speaker 2>riders who would just get the recipe for free because

0:27:35.359 --> 0:27:38.720
<v Speaker 2>the US government handed out that prize to the company

0:27:38.720 --> 0:27:40.400
<v Speaker 2>that created it or discover.

0:27:41.040 --> 0:27:43.440
<v Speaker 1>Yeah, you'd have to get together and sign a pact

0:27:43.440 --> 0:27:45.640
<v Speaker 1>with like most of the major countries of the world

0:27:45.720 --> 0:27:48.760
<v Speaker 1>or something. Yeah, that they all do the same, Okay,

0:27:49.320 --> 0:27:50.520
<v Speaker 1>I don't know. I mean it would have to be

0:27:50.560 --> 0:27:54.120
<v Speaker 1>a global push because that's and in fact, that kind

0:27:54.119 --> 0:27:57.920
<v Speaker 1>of segues into our next section, which is the global

0:27:58.440 --> 0:28:01.880
<v Speaker 1>globalist world that we live in. It becomes a little

0:28:01.920 --> 0:28:05.840
<v Speaker 1>sticky because IP law I think generally just covers the

0:28:05.840 --> 0:28:08.320
<v Speaker 1>country that you're in. I think when you get a patent,

0:28:08.359 --> 0:28:10.359
<v Speaker 1>you have to get it in different countries if you

0:28:10.400 --> 0:28:13.120
<v Speaker 1>want to sell it in different places. And there's a long,

0:28:13.119 --> 0:28:19.120
<v Speaker 1>long history of countries not respecting IP law from other

0:28:19.160 --> 0:28:22.879
<v Speaker 1>countries and stealing stuff. China is a big one. And

0:28:22.920 --> 0:28:27.080
<v Speaker 1>in the case of China, it's sometimes it's hey, why

0:28:27.080 --> 0:28:29.280
<v Speaker 1>don't you give me We'll let you do business in China.

0:28:29.359 --> 0:28:31.520
<v Speaker 1>You know, people we have over here will let you

0:28:31.600 --> 0:28:34.879
<v Speaker 1>do business here if you give us. If you like,

0:28:36.160 --> 0:28:37.919
<v Speaker 1>open source your stuff only to us.

0:28:37.920 --> 0:28:40.760
<v Speaker 2>Right, right, you have to partner with the Chinese business

0:28:40.760 --> 0:28:44.320
<v Speaker 2>who will have full access to your intellectual property if

0:28:44.320 --> 0:28:45.400
<v Speaker 2>you want access.

0:28:45.120 --> 0:28:47.400
<v Speaker 1>Right or they'll just steal it, which also happens.

0:28:47.440 --> 0:28:49.760
<v Speaker 2>That's a big one. There was an operation that was

0:28:50.000 --> 0:28:54.800
<v Speaker 2>funded and supported by China's government between twenty nineteen and

0:28:54.880 --> 0:29:00.600
<v Speaker 2>twenty twenty two where Chinese hackers stole trillions of dollars

0:29:00.680 --> 0:29:05.520
<v Speaker 2>worth of intellectual property from just thirty companies, just took it.

0:29:05.840 --> 0:29:10.360
<v Speaker 2>They had everything to create pharmaceuticals, create guided missile systems,

0:29:10.440 --> 0:29:15.520
<v Speaker 2>like just they got everything, and there's not a lot

0:29:15.560 --> 0:29:18.400
<v Speaker 2>you can do about that, Like there's there's basically nothing

0:29:18.400 --> 0:29:20.720
<v Speaker 2>you can do about those things. Now China has those now.

0:29:20.880 --> 0:29:24.920
<v Speaker 2>And the big argument against that is that if China

0:29:24.960 --> 0:29:27.760
<v Speaker 2>can just steal ideas, it doesn't have to spend tons

0:29:27.800 --> 0:29:30.080
<v Speaker 2>of money on research and development, So that means that

0:29:30.160 --> 0:29:33.680
<v Speaker 2>it can make those products cheaper than the people who

0:29:33.720 --> 0:29:36.280
<v Speaker 2>actually whose idea it was and did spend that money

0:29:36.320 --> 0:29:40.560
<v Speaker 2>on research development in price the legitimate owner right out

0:29:40.600 --> 0:29:44.000
<v Speaker 2>of the market. And that is about as unfair competition

0:29:44.080 --> 0:29:46.040
<v Speaker 2>as you can possibly ever encounter.

0:29:46.920 --> 0:29:50.200
<v Speaker 1>Yeah, but it's also something that has been going on forever.

0:29:51.320 --> 0:29:53.520
<v Speaker 1>It's not new. China's not the first country to do this.

0:29:54.120 --> 0:29:59.080
<v Speaker 1>Liba points out that when economys are emerging, and especially

0:29:59.160 --> 0:30:02.440
<v Speaker 1>during like tech boom, and they're catching up to richer countries,

0:30:02.880 --> 0:30:07.040
<v Speaker 1>then they will steal ideas, I mean everything from I

0:30:07.080 --> 0:30:09.280
<v Speaker 1>mean it happens all the time and has for decades.

0:30:09.560 --> 0:30:15.240
<v Speaker 1>The lawsuit guitars like Japan made knockoffs of like Gibson

0:30:15.240 --> 0:30:18.840
<v Speaker 1>and Fender guitars in the seventies and eighties and sold

0:30:18.840 --> 0:30:20.640
<v Speaker 1>a ton of them, and they were really good guitars.

0:30:20.680 --> 0:30:22.440
<v Speaker 1>And I think there may be a short stuff in

0:30:22.440 --> 0:30:26.680
<v Speaker 1>there about the lawsuit era, but it's always happened. Even

0:30:26.760 --> 0:30:29.040
<v Speaker 1>in the United States, we did the same thing, and

0:30:29.120 --> 0:30:31.680
<v Speaker 1>from the very beginning of our copyright law in the

0:30:31.720 --> 0:30:36.640
<v Speaker 1>eighteenth century, we very much explicitly exempted foreign works from

0:30:36.680 --> 0:30:39.960
<v Speaker 1>protection so we could go out and steal things like

0:30:40.120 --> 0:30:42.360
<v Speaker 1>the power loom and stuff like that.

0:30:42.720 --> 0:30:45.640
<v Speaker 2>Yeah, those two Carnegie and Dominic guys are saying like

0:30:45.800 --> 0:30:49.800
<v Speaker 2>this is just part of the trajectory that developing economies

0:30:50.120 --> 0:30:53.080
<v Speaker 2>hit upon at some point in time. It's just way

0:30:53.120 --> 0:30:55.680
<v Speaker 2>easier to steal the ideas and use those to grow

0:30:55.720 --> 0:30:59.440
<v Speaker 2>your economy. But they said that trajectory also usually includes

0:31:00.680 --> 0:31:04.560
<v Speaker 2>more strictly enforced IP protections on the other side of

0:31:04.560 --> 0:31:07.720
<v Speaker 2>that development. And apparently China is starting to show signs

0:31:07.760 --> 0:31:10.960
<v Speaker 2>of that that they're taking IP protection a little more seriously,

0:31:11.120 --> 0:31:15.560
<v Speaker 2>at least according to the Carnegie people. But yeah, that's

0:31:15.600 --> 0:31:17.400
<v Speaker 2>one of the reasons why we're in a trade war

0:31:17.440 --> 0:31:19.200
<v Speaker 2>with China is because of hacks like that.

0:31:20.200 --> 0:31:23.920
<v Speaker 1>Should we take a break? Hacks like that was almost

0:31:23.960 --> 0:31:46.680
<v Speaker 1>the name of our show. We'll be right back, man.

0:31:46.720 --> 0:31:52.120
<v Speaker 2>I'm still cracked up about hacks like that. So one

0:31:52.160 --> 0:31:54.760
<v Speaker 2>of the things about intellectual property protection is that it

0:31:54.840 --> 0:31:58.880
<v Speaker 2>is kind of grown in lockstep as American industry has.

0:31:59.000 --> 0:32:03.000
<v Speaker 2>Because as American industry grows and comes up with more

0:32:03.000 --> 0:32:05.800
<v Speaker 2>and more valuable intellectual property, they like to go to

0:32:05.840 --> 0:32:08.200
<v Speaker 2>the government and say, hey, why don't you guys come

0:32:08.280 --> 0:32:11.400
<v Speaker 2>up with stricter and stricter laws giving us longer and

0:32:11.440 --> 0:32:15.800
<v Speaker 2>longer monopolies to those ideas to that intellectual property. It's

0:32:15.800 --> 0:32:21.080
<v Speaker 2>basically the snake starting to eat its tail, where the

0:32:21.120 --> 0:32:24.960
<v Speaker 2>government has now become Charles the First and the corporations

0:32:25.000 --> 0:32:27.760
<v Speaker 2>are like all of Charles's first friends getting patents on

0:32:27.840 --> 0:32:30.320
<v Speaker 2>vinegar and stuff like that. It's not quite that egregious,

0:32:30.360 --> 0:32:34.640
<v Speaker 2>but it's the same contours the same idea. Basically, where

0:32:34.880 --> 0:32:39.640
<v Speaker 2>incredibly wealth wealthy people are given unfair, anti competitive advantage

0:32:39.960 --> 0:32:44.080
<v Speaker 2>over say startups or people who have even better ideas

0:32:44.360 --> 0:32:45.560
<v Speaker 2>through these monopolies.

0:32:46.760 --> 0:32:49.960
<v Speaker 1>Contour is one of my words, like cellar door. It's

0:32:49.960 --> 0:32:52.640
<v Speaker 1>not a combination. But oh yeah, yeah, the word contour

0:32:52.720 --> 0:32:54.800
<v Speaker 1>just I don't know, that's velvety to me.

0:32:55.080 --> 0:32:55.840
<v Speaker 2>Hack likes that.

0:32:58.840 --> 0:33:02.400
<v Speaker 1>So you're saying copyright law like it's just sort of

0:33:02.440 --> 0:33:04.480
<v Speaker 1>extended over the years as far as how long you

0:33:04.480 --> 0:33:08.320
<v Speaker 1>could own these ideas. In the seventeen ninety when we

0:33:08.360 --> 0:33:11.000
<v Speaker 1>first started out, it was fourteen years, you could renew

0:33:11.040 --> 0:33:15.200
<v Speaker 1>for another fourteen and then you know, over the ensuing

0:33:15.280 --> 0:33:18.960
<v Speaker 1>like a couple of hundred years. Basically, it just grew

0:33:18.960 --> 0:33:22.520
<v Speaker 1>and grew and grew until nineteen ninety eight with the

0:33:22.640 --> 0:33:29.160
<v Speaker 1>Sonny Bono Copyright Term Extension Act. That's when the seventy

0:33:29.320 --> 0:33:33.200
<v Speaker 1>years after the person's death was put in place, or

0:33:33.200 --> 0:33:37.240
<v Speaker 1>if your corporation ninety five years from the original publication

0:33:37.840 --> 0:33:41.040
<v Speaker 1>or one hundred and twenty years from creation, whichever is

0:33:41.160 --> 0:33:43.320
<v Speaker 1>less a little confusing, but it makes sense if you

0:33:43.400 --> 0:33:43.920
<v Speaker 1>think about it.

0:33:44.000 --> 0:33:46.640
<v Speaker 2>Yeah, and that actually brought the United States into line

0:33:46.680 --> 0:33:53.120
<v Speaker 2>with international agreement on copyright limitations in time frames. I

0:33:53.160 --> 0:33:57.920
<v Speaker 2>think there was lower than other countries. What other countries

0:33:57.920 --> 0:34:02.400
<v Speaker 2>were at but regardless, people just kind of smelled a

0:34:02.520 --> 0:34:08.480
<v Speaker 2>rat and snuck around, actually ironically a souda mouse. It's

0:34:08.520 --> 0:34:12.360
<v Speaker 2>all frequently called the Mickey Mouse Protection Act because around

0:34:12.440 --> 0:34:16.000
<v Speaker 2>that time, Disney was supposedly in danger of losing the

0:34:16.080 --> 0:34:19.880
<v Speaker 2>rights to Steamboat Willie version of Mickey Mouse in twenty

0:34:19.920 --> 0:34:23.759
<v Speaker 2>twenty three, and they were lobbying very hard to make

0:34:23.800 --> 0:34:26.200
<v Speaker 2>that not happen, to get the Sunny Bono Copyright Term

0:34:26.239 --> 0:34:30.160
<v Speaker 2>Extension Act passed, which was successful. But I've also read

0:34:30.200 --> 0:34:34.000
<v Speaker 2>that Disney wasn't quite behind it like people say, and

0:34:34.040 --> 0:34:38.080
<v Speaker 2>that even if Steamboat Willie does come into public domain

0:34:38.360 --> 0:34:41.040
<v Speaker 2>this year, I don't think he did. But even if

0:34:41.080 --> 0:34:45.239
<v Speaker 2>he did, just that specific version of Mickey would be

0:34:45.320 --> 0:34:47.680
<v Speaker 2>in the public domain. And the Mickey that we know

0:34:47.800 --> 0:34:50.720
<v Speaker 2>in love will probably never be in the public domain

0:34:50.920 --> 0:34:54.359
<v Speaker 2>because not only does he have copyright protection, Disney also

0:34:54.440 --> 0:34:57.440
<v Speaker 2>uses him like a trait, like a slogan or like

0:34:57.680 --> 0:35:01.920
<v Speaker 2>a brand name. It's like he has trademark protection, and

0:35:01.920 --> 0:35:04.120
<v Speaker 2>trademark protection never runs out as long as you keep

0:35:04.360 --> 0:35:07.760
<v Speaker 2>using it. So Mickey will probably never enter the public

0:35:07.800 --> 0:35:11.000
<v Speaker 2>domain even if Steamboat Willie did. I didn't see that

0:35:11.080 --> 0:35:11.399
<v Speaker 2>he did.

0:35:11.440 --> 0:35:15.640
<v Speaker 1>Though I don't know. I don't think so, but this

0:35:15.840 --> 0:35:18.279
<v Speaker 1>just occurred to me that with every year we do

0:35:18.360 --> 0:35:23.880
<v Speaker 1>our show, we can look for a Halloween podcast story

0:35:23.920 --> 0:35:25.760
<v Speaker 1>from a year later in history.

0:35:25.920 --> 0:35:28.560
<v Speaker 2>Yeah, that's why we ended up doing Philip K. Dick

0:35:28.760 --> 0:35:30.920
<v Speaker 2>a couple of years ago, because he finally started to

0:35:30.920 --> 0:35:32.200
<v Speaker 2>come into the public domain.

0:35:32.880 --> 0:35:34.319
<v Speaker 1>I love it. And by the way, people that wrote

0:35:34.320 --> 0:35:37.200
<v Speaker 1>in that either had ideas or wrote their own stories.

0:35:37.280 --> 0:35:39.200
<v Speaker 1>I haven't looked yet, but I say those emails and

0:35:39.239 --> 0:35:41.839
<v Speaker 1>we're going to take a look at those, all right.

0:35:41.920 --> 0:35:44.200
<v Speaker 1>The next thing we should talk about is in nineteen

0:35:44.239 --> 0:35:51.120
<v Speaker 1>ninety eight the Dilgital the Digital Millennium Copyright Act, which basically,

0:35:52.040 --> 0:35:54.000
<v Speaker 1>the way I understand it is that it covered the

0:35:54.040 --> 0:35:58.319
<v Speaker 1>Internet such that it created a way for someone to say, hey,

0:35:58.760 --> 0:36:02.200
<v Speaker 1>you're using my thing on your website, go take it down.

0:36:02.960 --> 0:36:06.040
<v Speaker 1>I want to officially register that you are taking my stuff,

0:36:06.560 --> 0:36:08.960
<v Speaker 1>and as long as they take it down, then they

0:36:09.160 --> 0:36:10.520
<v Speaker 1>are not penalized. Right.

0:36:12.719 --> 0:36:14.719
<v Speaker 2>That was a kind of a big deal because it

0:36:14.760 --> 0:36:17.440
<v Speaker 2>allowed the Internet to start to flourish, and it kept

0:36:18.040 --> 0:36:21.279
<v Speaker 2>people who ran social media sites or YouTube or something

0:36:21.400 --> 0:36:23.319
<v Speaker 2>like that from worrying that they were going to get

0:36:23.320 --> 0:36:26.200
<v Speaker 2>their pants sued off and allowed for the spread and

0:36:26.880 --> 0:36:29.600
<v Speaker 2>really kind of boosted the economy quite a bit, as

0:36:29.640 --> 0:36:31.080
<v Speaker 2>you can imagine.

0:36:31.800 --> 0:36:32.080
<v Speaker 1>Sure.

0:36:32.760 --> 0:36:38.120
<v Speaker 2>One of the problems though, with these long protections, and

0:36:38.160 --> 0:36:42.799
<v Speaker 2>sometimes in some cases like trademarks like limitless protection, is

0:36:42.840 --> 0:36:48.120
<v Speaker 2>that so seventy years beyond the lifespan of the creator.

0:36:48.239 --> 0:36:53.520
<v Speaker 2>That is a long time. Yeah, as you can tell

0:36:53.560 --> 0:36:56.360
<v Speaker 2>from like the Halloween stories we pick, like sometimes we

0:36:56.440 --> 0:37:00.120
<v Speaker 2>have no idea what they're talking about because the the

0:37:00.200 --> 0:37:02.919
<v Speaker 2>language they're using is English, and you understand that they're

0:37:02.920 --> 0:37:07.000
<v Speaker 2>English words, but the context is so old that it

0:37:07.040 --> 0:37:09.279
<v Speaker 2>doesn't really make sense. Just like remember that one thing

0:37:09.280 --> 0:37:12.160
<v Speaker 2>about how I thought the guy was reading tea leaves

0:37:12.239 --> 0:37:14.200
<v Speaker 2>or something like that to see who's coming in and

0:37:14.719 --> 0:37:17.640
<v Speaker 2>yeah and yeah. So that's a really good example of

0:37:17.640 --> 0:37:19.879
<v Speaker 2>one of the problems of it, because when we use

0:37:20.000 --> 0:37:24.520
<v Speaker 2>those stories, we are building on them. We're taking the

0:37:24.760 --> 0:37:27.480
<v Speaker 2>we're taking them and putting our own spin on them.

0:37:27.640 --> 0:37:31.840
<v Speaker 2>We're making silly voice sales, yes exactly. We're creating something

0:37:31.880 --> 0:37:34.719
<v Speaker 2>new using that original work as a building block. And

0:37:34.719 --> 0:37:39.800
<v Speaker 2>that's one of the purposes of creating protections for creative stuff,

0:37:40.080 --> 0:37:42.880
<v Speaker 2>so that eventually it will spread out into the public

0:37:42.880 --> 0:37:46.080
<v Speaker 2>domain and people can do new, amazing things with them.

0:37:47.080 --> 0:37:50.160
<v Speaker 2>The problem is if it's seventy plus years before you

0:37:50.239 --> 0:37:54.399
<v Speaker 2>can do that, it's not as easy to make new

0:37:54.440 --> 0:37:56.799
<v Speaker 2>ideas from as it would be if it were twenty

0:37:56.880 --> 0:37:58.040
<v Speaker 2>years old or ten.

0:37:58.320 --> 0:38:01.640
<v Speaker 1>Yeah, this one I understand in a way because like,

0:38:01.840 --> 0:38:04.000
<v Speaker 1>how many great films have we gotten based on the

0:38:04.000 --> 0:38:09.080
<v Speaker 1>works of Shakespeare? Which is Lvia points out that who

0:38:09.160 --> 0:38:12.560
<v Speaker 1>was it Jennifer Jenkins, director of Duke University Center for

0:38:12.719 --> 0:38:17.000
<v Speaker 1>the Study of the Public Domain. That's pretty specific. Sure,

0:38:18.160 --> 0:38:20.239
<v Speaker 1>that's an argument that Jennifer Jenkins makes, which is like,

0:38:20.280 --> 0:38:23.239
<v Speaker 1>we wouldn't have you know, these great adaptations of the

0:38:23.239 --> 0:38:26.240
<v Speaker 1>works of Shakespeare's films and stuff like that, which is true.

0:38:26.960 --> 0:38:30.560
<v Speaker 1>But I also can see a world where like come

0:38:30.640 --> 0:38:33.160
<v Speaker 1>up with a new idea, you know.

0:38:33.760 --> 0:38:38.120
<v Speaker 2>Well supposedly it might have been Shakespeare said it. There

0:38:38.560 --> 0:38:41.960
<v Speaker 2>are no new ideas on nothing new under the sun. Like, yeah,

0:38:42.000 --> 0:38:44.480
<v Speaker 2>all the ideas have been essentially come up with, and

0:38:44.560 --> 0:38:47.000
<v Speaker 2>everything else is just basically a remix of it.

0:38:47.719 --> 0:38:53.279
<v Speaker 1>Yeah, there's like seven real movie plots essentially, I over

0:38:53.320 --> 0:38:55.840
<v Speaker 1>seven dramatic I can't remember how many it is, but

0:38:56.280 --> 0:38:57.799
<v Speaker 1>that there is an argument to me and made that

0:38:57.800 --> 0:39:00.520
<v Speaker 1>there are really only seven different stories you can tell

0:39:01.160 --> 0:39:02.560
<v Speaker 1>and everything else is a version of those.

0:39:02.719 --> 0:39:06.840
<v Speaker 2>Yes, and we don't protect those specific seven ideas, we

0:39:06.880 --> 0:39:10.120
<v Speaker 2>would be totally messed if we if we did, right,

0:39:10.719 --> 0:39:13.600
<v Speaker 2>the protections are more nuanced than that. It's like how

0:39:13.600 --> 0:39:17.000
<v Speaker 2>that story develops, what the characters are doing in it,

0:39:17.280 --> 0:39:19.880
<v Speaker 2>that's what's protected. And so in that sense, yes, you

0:39:19.920 --> 0:39:21.759
<v Speaker 2>are coming up with a new idea rather than just

0:39:21.840 --> 0:39:24.719
<v Speaker 2>remixing a Shakespeare play. And I agree with you. I

0:39:24.719 --> 0:39:31.200
<v Speaker 2>I have the same that same kind of quibble with that,

0:39:31.400 --> 0:39:34.000
<v Speaker 2>the idea that you can't that is too long to

0:39:34.080 --> 0:39:37.440
<v Speaker 2>remix stuff, even though we do that every Halloween.

0:39:39.160 --> 0:39:42.000
<v Speaker 1>Uh. The Internet is very tricky though, because on one hand,

0:39:42.000 --> 0:39:44.920
<v Speaker 1>you want like uh, the idea of like the paywall.

0:39:45.000 --> 0:39:48.840
<v Speaker 1>You want people to hear your stuff and see your stuff.

0:39:49.480 --> 0:39:51.880
<v Speaker 1>But if you are and Olivia's is a great example,

0:39:51.920 --> 0:39:56.400
<v Speaker 1>if you're like a reporter in the South Sudan covering

0:39:56.440 --> 0:39:59.680
<v Speaker 1>something very important to you, you want everyone that you

0:39:59.680 --> 0:40:02.239
<v Speaker 1>can think think of to find this and discover it.

0:40:02.640 --> 0:40:04.920
<v Speaker 1>But you also, like it costs money for you to

0:40:04.960 --> 0:40:08.279
<v Speaker 1>be there and to be on the ground in the

0:40:08.320 --> 0:40:10.840
<v Speaker 1>South Sudan for a year doing this intensive reporting, like

0:40:11.040 --> 0:40:13.440
<v Speaker 1>a company needs to be paying you to do that

0:40:13.560 --> 0:40:15.359
<v Speaker 1>and to fly there and to stay there and per

0:40:15.400 --> 0:40:17.920
<v Speaker 1>diem and all that stuff, and they're not doing that

0:40:18.200 --> 0:40:20.120
<v Speaker 1>the goodness of their hearts. So they may say, well,

0:40:20.120 --> 0:40:21.560
<v Speaker 1>we got to put this behind a paywalk because we

0:40:21.640 --> 0:40:22.320
<v Speaker 1>got to make money.

0:40:22.520 --> 0:40:25.760
<v Speaker 2>Yeah, And when the Internet came along in the beginning,

0:40:25.880 --> 0:40:28.799
<v Speaker 2>it followed a hacker ethos, which was that it should

0:40:28.840 --> 0:40:32.040
<v Speaker 2>be free and open to everybody. Information is now easiest

0:40:32.120 --> 0:40:34.759
<v Speaker 2>pie to disseminate, and we should it should all be

0:40:34.880 --> 0:40:40.160
<v Speaker 2>free and unfettered. And we actually see that that colliding

0:40:40.400 --> 0:40:42.920
<v Speaker 2>with what you were just talking about, how you know

0:40:43.040 --> 0:40:47.440
<v Speaker 2>someone's reporting is valuable and is worth money, with colliding

0:40:47.440 --> 0:40:49.760
<v Speaker 2>with the idea that information should be free on the internet.

0:40:49.760 --> 0:40:52.960
<v Speaker 2>With Canada right now, where I think Canada passed a

0:40:53.040 --> 0:40:55.920
<v Speaker 2>law that says that if you are like a social

0:40:55.960 --> 0:40:59.319
<v Speaker 2>media aggregator and news aggregator, you have to pay the

0:40:59.400 --> 0:41:04.680
<v Speaker 2>creator of that news some form of compensation for aggregating

0:41:04.680 --> 0:41:06.759
<v Speaker 2>that news because you're making money off of it. But

0:41:06.840 --> 0:41:10.560
<v Speaker 2>you're just taking their work for free, right And Canada

0:41:10.680 --> 0:41:13.160
<v Speaker 2>is in a real pickle right now because Google and

0:41:13.200 --> 0:41:15.319
<v Speaker 2>Facebook said, okay, well, we're just not going to be

0:41:15.320 --> 0:41:18.959
<v Speaker 2>available in Canada anymore because we're not going to pay

0:41:19.000 --> 0:41:23.600
<v Speaker 2>that and what's Canada going to do? So that seems

0:41:23.680 --> 0:41:28.440
<v Speaker 2>like that is very ironic. The free Internet, in the

0:41:28.480 --> 0:41:33.640
<v Speaker 2>form of the most profitable, most expensive and valuable companies

0:41:33.640 --> 0:41:41.000
<v Speaker 2>in the world, is crushing the journalistic value that's brought

0:41:41.080 --> 0:41:43.440
<v Speaker 2>by people who create news and come up with the

0:41:43.480 --> 0:41:46.399
<v Speaker 2>articles that those companies make their money off of. It's

0:41:46.440 --> 0:41:48.680
<v Speaker 2>a terrible jam.

0:41:48.160 --> 0:41:50.560
<v Speaker 1>It really is. And over the years, of course, we've

0:41:50.560 --> 0:41:57.000
<v Speaker 1>had sort of activist crusaders like Aaron Schwartz, who in

0:41:57.120 --> 0:42:03.400
<v Speaker 1>twenty eleven was indicted for downloading one of our favorite websites,

0:42:03.719 --> 0:42:07.040
<v Speaker 1>jastore jstr database. What does that stand for? Actually, I

0:42:07.080 --> 0:42:07.600
<v Speaker 1>don't even know.

0:42:08.719 --> 0:42:10.880
<v Speaker 2>I can't even possibly come up with anything on this

0:42:10.960 --> 0:42:13.279
<v Speaker 2>short and notice chuck believe me.

0:42:14.080 --> 0:42:18.400
<v Speaker 1>But anyway, Schwartz downloaded millions of academic articles from the

0:42:18.480 --> 0:42:22.760
<v Speaker 1>jastore database, which is behind a paywall, and the idea,

0:42:23.480 --> 0:42:25.399
<v Speaker 1>you know, presumably, was that he was going to share

0:42:25.440 --> 0:42:28.359
<v Speaker 1>those and he even had a manifesto, the Gorilla Open

0:42:28.440 --> 0:42:32.600
<v Speaker 1>Access Festo, where he's like, there's a moral imperative to

0:42:32.920 --> 0:42:36.160
<v Speaker 1>have these academic articles available to the world and to

0:42:37.280 --> 0:42:40.360
<v Speaker 1>someone who might not have the money in the global South,

0:42:40.400 --> 0:42:43.440
<v Speaker 1>these institutions that can't pay for these journals, maybe like

0:42:43.480 --> 0:42:45.480
<v Speaker 1>we should get it out there. And Jaystore did not

0:42:45.560 --> 0:42:49.760
<v Speaker 1>press charges. Yeah, but US attorneys came after him and

0:42:49.840 --> 0:42:51.560
<v Speaker 1>he took his own life at the age of twenty

0:42:51.560 --> 0:42:54.000
<v Speaker 1>six and twenty thirteen before the trial started.

0:42:54.160 --> 0:42:59.319
<v Speaker 2>Yeah, US attorneys Carmen Ortiz and Steven Hayman really aggressively

0:42:59.440 --> 0:43:04.880
<v Speaker 2>pursued charges against him. And it's kind of explained that

0:43:04.960 --> 0:43:08.480
<v Speaker 2>he was the scapegoat in the post WikiLeaks world. They

0:43:08.520 --> 0:43:12.439
<v Speaker 2>were seeking to make an example out of him. And yeah,

0:43:12.480 --> 0:43:15.920
<v Speaker 2>he took his life at twenty six, and like a

0:43:16.000 --> 0:43:19.600
<v Speaker 2>real luminary was lost, especially if you stop and consider

0:43:19.640 --> 0:43:21.480
<v Speaker 2>what he was doing, and especially if you stop and

0:43:21.520 --> 0:43:24.040
<v Speaker 2>consider that Jay Store was like, you gave the articles back,

0:43:24.040 --> 0:43:26.719
<v Speaker 2>We're not going to press charges. And if you want

0:43:26.719 --> 0:43:28.880
<v Speaker 2>to know like a little peak behind what Aaron Schwartz

0:43:28.920 --> 0:43:30.600
<v Speaker 2>was doing, if you're like that's a weird thing to

0:43:30.600 --> 0:43:36.360
<v Speaker 2>die over scientific journal articles, who cares. There's an amazing

0:43:37.160 --> 0:43:41.120
<v Speaker 2>article from Prisonomics that Alec Mayasi wrote in twenty thirteen

0:43:41.480 --> 0:43:44.360
<v Speaker 2>called why is Science behind a paywall? And everyone should

0:43:44.400 --> 0:43:48.560
<v Speaker 2>read that because it's about the scientific journal publishing racket

0:43:49.000 --> 0:43:52.799
<v Speaker 2>that is basically keeping science in the hands of just

0:43:52.880 --> 0:43:58.040
<v Speaker 2>the wealthiest universities in the world and out of everybody

0:43:58.040 --> 0:44:00.880
<v Speaker 2>else's hands because they make time of money off of it,

0:44:01.040 --> 0:44:03.799
<v Speaker 2>even though science is supposed to be spread everywhere far

0:44:03.840 --> 0:44:06.840
<v Speaker 2>and wide, so people can try new things based on

0:44:06.920 --> 0:44:08.080
<v Speaker 2>those findings.

0:44:08.440 --> 0:44:09.960
<v Speaker 1>Because money's the root of all evil.

0:44:10.080 --> 0:44:14.200
<v Speaker 2>Right, there's an article that I think Dean Baker wrote

0:44:14.239 --> 0:44:16.280
<v Speaker 2>his ip the Root of All Evil?

0:44:16.760 --> 0:44:21.040
<v Speaker 1>Oh, interesting, we're talking about earlier. Yeah, So enforcing this stuff,

0:44:21.200 --> 0:44:24.880
<v Speaker 1>especially on the Internet, has been very tricky over recent years.

0:44:25.600 --> 0:44:30.239
<v Speaker 1>When you talk about websites like BitTorrent and Napster. Back

0:44:30.239 --> 0:44:33.240
<v Speaker 1>in the day, lime wire is what I use, remember LimeWire.

0:44:33.719 --> 0:44:38.040
<v Speaker 2>And what was the other one with the why? I

0:44:38.040 --> 0:44:39.240
<v Speaker 2>can't remember, but yes.

0:44:39.160 --> 0:44:41.400
<v Speaker 1>I don't know. Someone will write in let us know.

0:44:41.719 --> 0:44:44.560
<v Speaker 1>But Napster if you don't know about that, and you're

0:44:45.280 --> 0:44:47.080
<v Speaker 1>pretty young and you were a kid when that happened,

0:44:47.280 --> 0:44:50.200
<v Speaker 1>that was sort of one of the first free music

0:44:50.320 --> 0:44:52.839
<v Speaker 1>downloading sites, and it was all over the news at

0:44:52.840 --> 0:44:56.360
<v Speaker 1>the time because it devastated the music industry in a

0:44:56.400 --> 0:44:58.759
<v Speaker 1>lot of ways, and a lawsuit shut them down in

0:44:58.800 --> 0:45:01.560
<v Speaker 1>two thousand and one. But this was a case where

0:45:01.680 --> 0:45:06.080
<v Speaker 1>the world and the internet and the music industry pivoted

0:45:06.440 --> 0:45:11.040
<v Speaker 1>eventually when things like Spotify and Pandora came along and said, hey,

0:45:11.920 --> 0:45:15.600
<v Speaker 1>we can't police this. You cannot shut down people trading

0:45:15.680 --> 0:45:19.399
<v Speaker 1>music online. The genie has left the bottle. It's too late.

0:45:19.719 --> 0:45:21.879
<v Speaker 1>But why don't we get together and at least we'll

0:45:21.880 --> 0:45:24.719
<v Speaker 1>start these services where people can sign up and they

0:45:24.719 --> 0:45:26.879
<v Speaker 1>can pay for this stuff, because we think people will

0:45:26.880 --> 0:45:29.600
<v Speaker 1>do that. They may not buy your records anymore, but

0:45:29.640 --> 0:45:32.760
<v Speaker 1>they'll pay ten bucks a month or whatever for unlimited music,

0:45:32.880 --> 0:45:34.680
<v Speaker 1>and then we'll give you a tiny little piece of it.

0:45:35.080 --> 0:45:36.919
<v Speaker 1>And they said, all right, I guess that's the best

0:45:36.920 --> 0:45:40.600
<v Speaker 1>we can do. This is a stat Livia found in

0:45:40.600 --> 0:45:44.960
<v Speaker 1>twenty twenty two inflation adjusted dollars revenue from and this

0:45:45.000 --> 0:45:49.560
<v Speaker 1>is just music sales like selling a CD or whatever.

0:45:49.640 --> 0:45:52.880
<v Speaker 1>At the time in nineteen ninety nine it was twenty

0:45:52.920 --> 0:45:56.120
<v Speaker 1>six almost twenty six billion dollars, which was the peak,

0:45:56.719 --> 0:45:58.600
<v Speaker 1>went all the way down to eight point three billion

0:45:58.640 --> 0:46:02.040
<v Speaker 1>in twenty fourteen and twenty fifth, and as backup as

0:46:02.040 --> 0:46:04.080
<v Speaker 1>of a couple of years ago, to about sixteen billion,

0:46:04.600 --> 0:46:07.600
<v Speaker 1>which is still you know, a little more than a

0:46:07.640 --> 0:46:10.760
<v Speaker 1>little less than half. I guess of the peak because

0:46:10.800 --> 0:46:14.160
<v Speaker 1>of largely because of like paid subscriptions and stuff like that.

0:46:14.400 --> 0:46:18.000
<v Speaker 1>But that's a huge decline and the only reason music, Like,

0:46:18.080 --> 0:46:21.359
<v Speaker 1>if you complain about the price of concert tickets, it's

0:46:21.400 --> 0:46:25.640
<v Speaker 1>because you stopped paying for recorded music. That's there's a

0:46:25.680 --> 0:46:29.839
<v Speaker 1>direct line you can draw between musicians having to make

0:46:29.880 --> 0:46:32.720
<v Speaker 1>money somehow and you stealing their music.

0:46:32.840 --> 0:46:35.960
<v Speaker 2>That's the thing. It's not necessarily the musicians making that money.

0:46:36.280 --> 0:46:39.880
<v Speaker 2>Like there's huge companies that make most of the money

0:46:39.880 --> 0:46:42.000
<v Speaker 2>on a ticket these days, and.

0:46:43.280 --> 0:46:44.680
<v Speaker 1>That's a like a concert ticket.

0:46:44.760 --> 0:46:48.520
<v Speaker 2>Yeah, that's why tickets sales and prices are so jecked,

0:46:48.600 --> 0:46:51.440
<v Speaker 2>Like you can go on to Ticketmaster or something like

0:46:51.480 --> 0:46:54.839
<v Speaker 2>that and the show won't be sold out, and yet

0:46:55.040 --> 0:46:59.040
<v Speaker 2>they're suddenly at scalper prices for some reason. It makes

0:46:59.120 --> 0:47:03.080
<v Speaker 2>no sense. It's a total racket. And that's the reason

0:47:03.120 --> 0:47:05.600
<v Speaker 2>why it's a record because again, like you said, they

0:47:05.640 --> 0:47:08.719
<v Speaker 2>stopped making as much money off of recorded music, so

0:47:08.760 --> 0:47:10.319
<v Speaker 2>they figured out how to make as much money as

0:47:10.320 --> 0:47:13.520
<v Speaker 2>they could off of live music. Where before, Yeah, that

0:47:13.680 --> 0:47:16.120
<v Speaker 2>was like that was the artist's piece, the live thing,

0:47:16.280 --> 0:47:18.880
<v Speaker 2>Like the record company got the record money you go

0:47:18.960 --> 0:47:20.960
<v Speaker 2>off and do your tour. We don't care. Have as

0:47:21.040 --> 0:47:24.880
<v Speaker 2>much fun as you like. And when the record company's

0:47:24.920 --> 0:47:30.359
<v Speaker 2>pie was removed by Napster completely just chattered. They moved

0:47:30.400 --> 0:47:32.920
<v Speaker 2>over to Live and now they have a stranglehold on

0:47:32.920 --> 0:47:34.480
<v Speaker 2>ticket prices, which is awful.

0:47:35.320 --> 0:47:38.680
<v Speaker 1>Yeah, I mean back in the day it was ticket

0:47:38.680 --> 0:47:44.200
<v Speaker 1>prices were low because you toured to support the album sales. Yeah,

0:47:44.239 --> 0:47:46.000
<v Speaker 1>you put out a record, you go on a big tour,

0:47:46.320 --> 0:47:51.080
<v Speaker 1>you charge like eight to fifteen dollars, and you sold merch.

0:47:51.160 --> 0:47:53.480
<v Speaker 1>You got some money, merch money, and you sold a

0:47:53.480 --> 0:47:55.480
<v Speaker 1>ton of records. Once the record thing went away, they

0:47:55.520 --> 0:47:57.560
<v Speaker 1>had to make money and then all the other you know.

0:47:57.600 --> 0:48:00.399
<v Speaker 1>Of course, you know, not knocking them because we work

0:48:00.440 --> 0:48:02.960
<v Speaker 1>with these people, but promoters and venus and they all

0:48:03.000 --> 0:48:07.320
<v Speaker 1>take a big piece public service announcement. If you'll allow

0:48:07.440 --> 0:48:10.840
<v Speaker 1>really quickly, please when you go to buy a stuff

0:48:10.880 --> 0:48:14.560
<v Speaker 1>you should know live ticket, please please please only go

0:48:14.760 --> 0:48:18.040
<v Speaker 1>and make sure you're looking at your computer screen, make

0:48:18.040 --> 0:48:21.359
<v Speaker 1>sure you're going to the ven you only because when

0:48:21.400 --> 0:48:24.319
<v Speaker 1>you type in stuff you should know live Boston, the

0:48:24.360 --> 0:48:26.879
<v Speaker 1>first thing that pops up might be a scalper site

0:48:26.920 --> 0:48:30.400
<v Speaker 1>and you might not realize it's a scalper site because

0:48:30.480 --> 0:48:33.080
<v Speaker 1>they don't look like, you know, shady guys and leather

0:48:33.120 --> 0:48:36.120
<v Speaker 1>jackets on the corner anymore. It looks like, oh, this

0:48:36.200 --> 0:48:37.520
<v Speaker 1>is just the place where you buy the tickets to

0:48:37.600 --> 0:48:39.560
<v Speaker 1>Josh and Chuck show. And we had a few people

0:48:39.560 --> 0:48:42.600
<v Speaker 1>that wrote in and said like, hey, I just paid

0:48:42.600 --> 0:48:44.960
<v Speaker 1>two hundred dollars for this ticket blah blah blah blah blah,

0:48:44.960 --> 0:48:46.440
<v Speaker 1>and I'm like, you went to a scalper site and

0:48:46.480 --> 0:48:49.800
<v Speaker 1>they said, no, I didn't. And I said, I guarantee

0:48:49.800 --> 0:48:52.840
<v Speaker 1>you did, because our tickets are not more than like whatever,

0:48:52.920 --> 0:48:56.120
<v Speaker 1>like thirty five bucks or something. So just people should

0:48:56.160 --> 0:48:57.680
<v Speaker 1>know that we never have a chance to say that.

0:48:57.760 --> 0:49:00.879
<v Speaker 1>So please don't buy scalper ticket unless you just can't

0:49:00.920 --> 0:49:02.520
<v Speaker 1>get a ticket and you're loaded and don't care.

0:49:02.760 --> 0:49:05.520
<v Speaker 2>Yeah, and that's the original price is thirty five dollars.

0:49:05.560 --> 0:49:08.080
<v Speaker 2>And then there's you know, whatever fees the venue puts

0:49:08.120 --> 0:49:10.120
<v Speaker 2>on it, and then once you get out of away

0:49:10.120 --> 0:49:13.279
<v Speaker 2>from the venue, it just keeps going more and more

0:49:13.320 --> 0:49:16.440
<v Speaker 2>people put more and more egregious fees on it. So

0:49:16.520 --> 0:49:18.640
<v Speaker 2>I think the best thing to do is to either

0:49:18.840 --> 0:49:20.759
<v Speaker 2>if you can go to the box office and buy

0:49:20.760 --> 0:49:23.880
<v Speaker 2>them directly. That is far and away your cheapest as

0:49:23.960 --> 0:49:26.439
<v Speaker 2>close as you're going to get to face value. And

0:49:26.800 --> 0:49:29.040
<v Speaker 2>if you can't do that, look for pre sales. We

0:49:29.080 --> 0:49:30.840
<v Speaker 2>always have pre sales, a couple of days of pre

0:49:30.960 --> 0:49:33.600
<v Speaker 2>sales first where that has the least amount of fees

0:49:33.640 --> 0:49:37.400
<v Speaker 2>attached to it. There's the fewest cooks in the kitchen

0:49:37.440 --> 0:49:40.800
<v Speaker 2>at that point, and then after that and regular sales

0:49:40.800 --> 0:49:42.520
<v Speaker 2>when it just turns into the wild West.

0:49:43.239 --> 0:49:45.360
<v Speaker 1>Yeah. I mean, we love these live shows, but I

0:49:45.400 --> 0:49:47.880
<v Speaker 1>gotta say once my eyes were really open once we

0:49:47.920 --> 0:49:50.480
<v Speaker 1>started doing it as to how it all works. It's

0:49:50.560 --> 0:49:53.520
<v Speaker 1>really really kind of like, uh, okay.

0:49:53.600 --> 0:49:57.759
<v Speaker 2>Yeah, because we can't do anything about it. It's like, oh,

0:49:57.840 --> 0:50:00.560
<v Speaker 2>you guys can sell the tickets yourselves then, and no,

0:50:00.600 --> 0:50:03.759
<v Speaker 2>we can't. We can't possibly do that. Where you have

0:50:03.880 --> 0:50:06.560
<v Speaker 2>to deal with the people that you have to deal with,

0:50:06.840 --> 0:50:08.719
<v Speaker 2>and there are some that are better than others. There's

0:50:08.719 --> 0:50:11.719
<v Speaker 2>some that are there's promoters and ticket sellers that are

0:50:11.719 --> 0:50:15.839
<v Speaker 2>aware that there is a lot of terribleness to their

0:50:15.880 --> 0:50:18.160
<v Speaker 2>industry and they're trying to do the opposite, and you

0:50:18.200 --> 0:50:20.200
<v Speaker 2>can seek them out, but they're not in every city.

0:50:20.680 --> 0:50:23.080
<v Speaker 2>You're eventually going to run into having to work with

0:50:23.120 --> 0:50:24.959
<v Speaker 2>people that you don't want to work with, and that's

0:50:25.040 --> 0:50:27.239
<v Speaker 2>just part of being on tour.

0:50:27.880 --> 0:50:31.839
<v Speaker 1>That's right. And this all started because of Napster and

0:50:31.880 --> 0:50:33.120
<v Speaker 1>me talking about Napster.

0:50:33.320 --> 0:50:33.719
<v Speaker 2>That's right.

0:50:34.480 --> 0:50:36.279
<v Speaker 1>I don't know how to close that loop other than

0:50:36.320 --> 0:50:39.799
<v Speaker 1>to say I don't know.

0:50:40.200 --> 0:50:41.520
<v Speaker 2>We could just end the episode.

0:50:42.280 --> 0:50:43.200
<v Speaker 1>I mean, I got nothing else.

0:50:43.280 --> 0:50:44.920
<v Speaker 2>Okay, I got nothing else either. If you want to

0:50:44.960 --> 0:50:48.040
<v Speaker 2>know more about intellectual property protection, there's a lot of

0:50:48.120 --> 0:50:51.040
<v Speaker 2>really interesting, if not kind of dry, articles out there

0:50:51.080 --> 0:50:54.040
<v Speaker 2>about it. And since I said dry, it's time for

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<v Speaker 2>a listener mail.

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<v Speaker 1>It's time for Chuck. This is I just thought a

0:51:01.360 --> 0:51:05.759
<v Speaker 1>pretty cool little tidbit from Nicole Adreon. Hey guys, wanted

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<v Speaker 1>to say thanks for the show. Love listening while I

0:51:07.440 --> 0:51:10.440
<v Speaker 1>drive and learning something new, and you always infuse some

0:51:10.600 --> 0:51:13.400
<v Speaker 1>laughter into my day. It just listened to the episode

0:51:13.400 --> 0:51:15.640
<v Speaker 1>on the Manhattan Grid. It's an oldie but a goodie,

0:51:16.000 --> 0:51:17.880
<v Speaker 1>and as a gal who grew up in the shadows

0:51:17.920 --> 0:51:20.160
<v Speaker 1>of New York City on Long Island, spent quite a

0:51:20.200 --> 0:51:21.560
<v Speaker 1>lot of time there and hold it near and dear

0:51:21.600 --> 0:51:23.239
<v Speaker 1>to my heart. One thing you missed out on, though,

0:51:23.320 --> 0:51:26.359
<v Speaker 1>was a little explanation on Broadway. You mentioned that it

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<v Speaker 1>does not stay consistent with a grid. And here's the thing.

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<v Speaker 1>The reasoning for this is because it was a deer

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<v Speaker 1>run that indigenous people used to hunt prior to the

0:51:36.400 --> 0:51:39.200
<v Speaker 1>Dutch coming in and colonizing the island. There are also

0:51:39.239 --> 0:51:41.360
<v Speaker 1>some really interesting studies and maps that were created to

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<v Speaker 1>assess what plants were native to the island before it

0:51:43.880 --> 0:51:47.520
<v Speaker 1>became a concrete jungle. So Broadway, like that little diagonal

0:51:47.520 --> 0:51:49.760
<v Speaker 1>thing was a deer run and it became a road eventually.

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<v Speaker 2>I guess that's very cool.

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<v Speaker 1>Pretty cool anyway, thanks for the opportunity to learn. We'd

0:51:54.239 --> 0:51:56.799
<v Speaker 1>love to hear an episode on the high Line. It's

0:51:56.840 --> 0:51:59.600
<v Speaker 1>got a great history. And that again is from Nicole ad.

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<v Speaker 2>Thanks Nicole. We love learning stuff we didn't know about.

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<v Speaker 2>Thanks for taking the time to write in and tell us.

0:52:06.000 --> 0:52:07.680
<v Speaker 2>And if you want to be like Nicole and just

0:52:07.719 --> 0:52:10.359
<v Speaker 2>be super cool with some great info, you can send

0:52:10.400 --> 0:52:16.879
<v Speaker 2>us an email to Stuff Podcasts at iHeartRadio dot com.

0:52:17.040 --> 0:52:19.920
<v Speaker 1>Stuff you Should Know is a production of iHeartRadio. For

0:52:20.040 --> 0:52:24.200
<v Speaker 1>more podcasts my heart Radio, visit the iHeartRadio app, Apple Podcasts,

0:52:24.320 --> 0:52:26.160
<v Speaker 1>or wherever you listen to your favorite shows.