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Making Rich People Richer Doesn't Make The Rest Of Us Richer.

The Foundation Of Economic Development Is The Acquisition Of More Productive Knowledge.

The Days Are Over When Technology Can Be Advanced In Laboratories By Individual Scientists Alone. Now You Need An Army Of Lawyers To Negotiate The Hazardous Terrain Of Interlocking Patents. Unless We Find A Solution To The Problem Of Interlocking Patents, The Patent System May Actually Impede The Very Innovation It Was Designed To Encourage.

The Best Way To Boost The Economy Is To Redistribute Wealth Downward, As Poorer People Tend To Spend A Higher Proportion Of Their Income.

It Takes Time And Experience To Absorb New Technologies, So Technologically Backward Producers Need A Period Of Protection From International Competition During This Period Of Learning. Such Protection Is Costly, Because The Country Is Giving Up The Chance To Import Better And Cheaper Products. However, It Is A Price That Has To Be Paid If It Wants To Develop Advanced Industries.