In this episode of The Vivek Show, host Vivek Ramaswamy is joined by former US Patent and Trademark Office head, Andrei Iancu, to discuss the significance of intellectual property (IP) in America's founding and its role in fostering innovation. They explore the history of IP rights in the US, the challenges of applying a centuries-old statute to modern technologies, and the need for an intentional innovation policy. Iancu emphasizes the importance of IP in competing with China and other countries, highlighting the necessity of a high-level plan to identify future technologies and enable innovation in both the public and private sectors. This thought-provoking conversation dives deep into the intersection of technology, innovation, and economics.

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Time-codes:

00:00 - America's founding ideals of IP rights and their impact on innovation

02:47 - The significance of "right" in the Constitution's IP clause

07:10 - The role of IP rights in a free market economy

11:31 - Jefferson and Madison's unchanged patent code from 1793

12:40 - Challenges with fitting new technologies into an old statute

19:47 - Data protection as another form of IP protection

22:29 - The need for a holistic innovation policy in the US

25:08 - Competing in the AI, quantum, biotech, and new materials races

26:16 - IP as a tool for global competition

29:25 - Balancing decentralized free market economy and centralized national plans

31:59 - Questioning the classical model of total decentralization

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