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America created laws that protected firms that were in the selling-information business even as the rapid spread of IT made it easier and easier to copy anything represented as zeros and ones. It's a bad bet, something like betting on the blacksmiths to beat the automobiles.
Now Europe is following America's lead with a series of legislative and normative initiatives that criminalize entire sectors of the IT industry, reducing the Union's competitiveness just as China is ramping up to swallow the world's entire manufacturing and service industry.
Europe doesn't need to do this - it has already turned its back on software patents and can go further, by refusing to let America's ailing entertainment industries drive its continental policy.
This guy is smart! He knows his stuff and has really thought about the subject. Much more informative than the talk yesterday.
Dejah Meldem