Aaah yes, DVD's! So OLD! Ha ha ha, what an old timer!! I wonder if this guy also still uses SMS or even sends real letters instead of e-mails! So OLD fashioned ...... ...... Acting like its VHS or something
A lot of these people will never know about the DVD era. 90s babies are the best generation because we lived in 4 decades, 2 centuries, and two different millenniums. We witnessed the technology shift in the world firsthand and at a young enough age to grow up with it and be the pioneers. Went from Blockbuster (for whites), Bootlegg (for coloreds), VHS tapes. To dvd. I remember the first DVD player and movie I saw. It was X-men 2. I was thinking damn this is cool. It’s a disc. Gaming consoles kicked off and halo was everywhere. We still had house phones etc etc I’m old
This should have been dealt with years and years ago when China was allowed in to the WTA, this is a big deal, this involves everything concerning capitalism and China is simply ignoring it.
I've read about a number of disputes over Chinese transliterations of trademarks and that the situation with intellectual property in China becoming more balanced when Chinese companies started suing other Chinese companies.
They’re being PC. Can’t point out that one ethnostate is over-represented in one type of crime. That’s bad for the Chinese living in the USA and bad for social cohesion in the USA.
This reminds me of the book - Kicking Away the Ladder by Ha-Joon Chang (no, he's not Chinese - he's Korean and works at Cambridge). Basically all the current superpowers get all resentful when new challengers essentially use the same strategies they once did to develop and so try to take the high road to stop them. IP infringement? US used to do that. Closed / Protectionist economic policy? Also the US in the past, as well as the former superpower Britain. Basically, do as we say (now), not as we did. They've somewhat left behind those practices now only cos they don't need them anymore, a stage China is also starting to transition to. Just wait, one day China will be preaching strong IP protection as well - everyone loves being a hypocrite when it suits them.
In the Bad Samaritans book of the professor he mentioned the increase in patent numbers are not about sharp innovation rate but patenting simple and irrelevant things.
I was searching the comments for a reference to Ha Joon Chang. The book, Bad Samaritans has a chapter devoted to "stolen" technology and why it's not peculiar to Asian nations. I thought the video would provide a balanced view of why both China and the US are in this battle for IP rights but it simply paints China as the villain and US, the righteous protagonist. I guess we are always the hero in our own stories.
@Jonathan Gullett That's a good point. Except it contradicts the entire premise of this video. The title says "The U.S. and China" and the entire video quietly implies Chinese patents are mostly fraudulent and that China (the country, not individuals across different countries) is the only one playing dirty. As someone pointed out, the real answer to the question in the title is answered in the last 30 seconds of the 11-minute video. Everything else just sounds like "China bad, U.S. good."
chinese Govt never respect IP's because they're communist. means that all IP that even their own people could produce, is for the Govt, the civillians dont really have power to capitalize on it.. if 1 day the leaders change, and he decided to make the product with other people IP's like stealing weapon tech, he will do just that without any law could prevent him.. lucky us that the US now is a democratic nations, so even the president is not above the law, otherwise we would all be enslaved by them.
The answer: it represents how to monetize products and services. Also, it is also the payment of one's ingenuity and hard work to develop products and services as well as a symbol of good will.
I wish people would understand that when Drug companies raise their prices on Prescriptions Meds and respond by telling people it helps pay for their R&D yet he reality is they have had an IP on their Drug for years and years “in most cases” and is how they get their return in investment. Not by raising prices on Meds.
@@forloop7713 they face potential legal scrutiny. instead they make it expensive before expiration where it makes them money but too soon so legislation cant go through the government
You have no idea what you are talking about. You can't even distinguish between copyrighted and innovation! Do you think that Burger King stealing ideas from McDonald's?
@@cyborggaming9797 Tesla worked for Westinghouse (gentle giant) he was great and branded equipment for Tesla to discover and squire patent. Scientist worked for Edison were not allowed to aquire patent and discory to themselves. Calling Edison a "cheat " I don't think that fair. Since iPhone multitouch display which made iPhone a hit were developed by another small firm which was bought by Steve jobs. Bill gates bought DoS from another geek which helped gates to develop windows , and you know how that went?
IP is intellectual property. Because patents mean a company owns copyright rights and can create a temporary Monopoly on a product, the more ip, the better. There. Saved you 11 minutes.
@@olivers-g4021 Actually there's plenty of innovations and inventions that have been made without being patented. Every open source and public license piece of tech forgoes patents - and we've all been the better off for it (as it's allowed others to freely build upon the original work). The polio vaccine by Jonas Salk was famously not patented (and indeed loads of other publicly funded innovations aren't either, which again has benefited society massively). Also, consider the flipside - by fencing off knowledge of and rights over a discovery, a lot of innovation is actually STIFLED by strong IP restrictions because it actively prevents others from further building on those inventions or even accessing their specs. Meanwhile, there are entire creative industries that effectively thrive with practically zero IP protection. Case in point, the fashion industry (albeit that's copyright rather than patents).
Yeah, but they don’t really invent. They copy. The only smartphone I like was the original iPhone. But everything else is just a big copy. And if you look from a large perspective, nothing ever changes when new phones come out.
@@peppapigthekiller7539 The iphone is a copy. And there,s nothing special or innovative about a phone. Except to fanboys off course. The real innovation is not the phones themselves but things like 5g. And huawei is slaying there. Are American companies really innovative? Some, yes. But Facebook is a big copycat. Tried to copy china,s tiktok but failed miserably.
@@peppapigthekiller7539 they aren't copying, we actually make our phones over there in china. if we wanted to keep most knowledge on lock then we should have been producing everything here, this means even clothes would be knitted, sewn , buttoned by 90% of white hands and paid a fair wage .
It's only fair if the white man is winning. That is why they had the Chinese Exclusion Act. The white union workers didn't like the local Chinese working for half the price, so they made it illegal for Chinese to immigrate here. Also Chinese were limited to being able to open laundromats, similar to the Jews being able to only open Banks in Europe. Funny, success in America is ok, only if you are white.
@@ZacharySolomon0429 Actually they are considered white. Asians have hierarchies too. But 40% of Chinese males were marrying Irish women. Both were living in slums. Of course anti-mysogynation laws were put in place so Chinese men could no longer marry Irish women. So to answer your question. Yes, Irish people are white.
@@ZacharySolomon0429 Lookup Sessue Hayakawa. He was a very famous Asian American actor in the 1920s. Had many movies with Caucasian women. All of a sudden Asian men were no longer welcome in Hollywood. How convenient. They saw an Asian American making it in Hollywood, so they had to put a stop to it.
I think the US should pass a law of Reciprocal Trade Conditions: -The US would Tariff products at the same rate as the other country does for those same products coming from the US. -If the other country obligates US companies to partner up with a local companies and give up their IP, then companies of that country will also face such obligation. -If the other country imposes Quotas on certain products, the US will impose equivalent Quotas on those same products. -If the other country changes their trade policy in these areas, then the US would also do so accordingly in an automatic way.
@1:40ish, if you look behind her, just to the right and up where that framed globe object is, why is the bolt pattern different from the one just above and left of it? It has 6 bolts while that one only has 5. Seems all the other ones have 6 as well. I need to know!
I was missing Elizabeth Schulze. Now what about patent trolls even big companies have being tricked by those it can bring a small company to the ground without the patent troll having any grounds because of the litigation cost.
@Mario Rafael Yeah, I'm amazed they didn't bring up patent trolls. Especially after 3:40 I mean she just ended that sentence... nothing to add there? Like one of the biggest drains on innovation in our system? Also 20 years is WAY too long to give a person a monopoly. That's crazy outdated considering how rapidly people can sell a new innovative product nowadays. 20 years certainly wasn't the determined amount of time after the invention of the internet. It's the reason Amazon totally dominates the online marketplace and will for a LONG time.
Yup patent trolls should be sued for sure. The governments need to stop these people because it is literally against everything patents are suppose to do. Forgot the dudes name but he makes millions from just settling out of court. He does his research for sure and will hit up a company for just the right amount of money for him to go away. People like that should be banned from being able to sue, and counter sueing them should be easier.
its not about nike without the swoosh... its about the 5$ coronavirus shoes with the swoosh that you paid 120$ for... brands tell u the quality of the product, without them i can bottle water from my toilet and sell it as fiji water
Even going by this documentary's narrative, it sounds like: China: Want a share of my market? Sure, give me your IP US: There you go! A while later US: You stole my IP!
At first I thought they were talking about the IPv4. There are so many octets that you can use but then I realized that IPv4 is only used locally, because for electronics we use IPv6 which will never run out
this is basically the video: IP is intellectual property. Because patents mean a company owns copyright rights and can create a temporary Monopoly on a product, the more ip, the better. There. Saved you 11 minutes.
Employee at the Patent and Trademark Office: Finally! I’ve discovered a cure for cancer!! Patent and Trademark Office: You better forget that idea right now.
@@tolethom big market, anyone who runs a company big or small, no matter from where in the world greatly desires to have a solid foot hold in not only the Chinese market but the Indian one too. It's essentially a gold mine. But the requirements from the Chinese government in order for a company to operate in the country are extremely unethical and in many cases unreasonable. And the lack of rule of law there only makes things worse. But many companies are willing to take the risk as the potential gain is incredible.
St. Batu That’s exactly why you westerners don’t have an open mind. These brands are in China and your laws don’t apply. You think that every country should follow America’s rules.
Well once its takes so much of work that can last for years and a lot of money before a successful invention is invented. So I think they deserve it comparing ti their working g hours it may be a short period
6:00: "It took 125 years to issue 1M patents, and it only took 5 years to issue the last million, that tells you the speed of innovation" --- It also shows the rise of patent trolls filling for vague nonsense patents so they can sue inventors who come up with anything remotely similar
The best way for the Chinese people to understand the importance of IP is when THEY are placed in defending position of their designs or trademarks. The best example of these is how they are "defending" their position in the tiktok transaction. By the way, don't ever think a signed agreement with the Chinese will be honored....
Patents have been stifling economic growth and competition in the US long before China. The big companies took hold of the patents and hoarded them without actually producing anything with them, yet preventing small startups from developing such technology. The patent laws are flawed.
The main purpose of Patents is to generate enormous revenue for patent lawyers from applications. I know people who have spent $50,000 plus on patents for products before they’ve even sold anything!
An average US patent has an economic value of about $6 million. I head a R&D company that produces 4-6 US patents per year. I make a profit by choosing R&D targets with above average economic value and keeping R&D costs per patent under $6 million. IP protection is very important to me. I am waiting to see how effective IP provisions in the US-China deal are.
yeah because since chinese govt protects its people and factories from usa patent infringment , chinese will copy it see how it works , then make it in their factories and because of state subsidies will sell the product back to the usa and the world at half the price of the original inventor and because of custom department limited reach will only be able to intercept a small percentage of goods
@@blackmesa232323 Alot of innovation takes years of research and billions in R&D to discover breakthroughs. If a competitor can wait in the wings with zero R&D and can swoop in and just copy those breakthroughs without taking financial risks in investing in all that research it would hurt the company that invested all that moiney in the research and make companies even more hesitant to further research.
![[ ออกกอง ] วัยหนุ่ม 2544 โลกหลังลูกกรง..ทัวร์กองถ่ายหนังใน "คุกของจริง" | JUSTดูIT.](http://i.ytimg.com/vi/vB--aOkZCpw/mqdefault.jpg)
Why would they fight over IP, *NordVPN can cover it all*
JESSO Maybe it was a joke.*
@@jesso6670 its a joke
JESSO ur kinda dry
JESSO r/whoosh
The only person who would win a fight over IP is Ip Man.
Thought they were talking about network IP
Same here
Me too😂
Yup
Same
China is steling our Internet Protocols... 😂😂😂
Which, by the way, could happen...actually.
It’s funny they mention Thomas Edison when he goes to patents he’s a thief.
punctuation my friend
habibbi alikafe Capitalization and punctuation, my friend.
Backed by banksters and stiffed Tesla.
Tesla wasn’t American. Anything not from America must have been stolen from America.
@@zhxiaol you do realise we seized his lab when Tesla died.
IP and Edison don't go well together.
“Big FBI warnings when you start a DVD”
This ain’t the 2000s anymore sugar 😂🤣
Nobody cares
------------------------------------------------------------------------->
the point... I think it flew right over your head.
Aaah yes, DVD's! So OLD! Ha ha ha, what an old timer!! I wonder if this guy also still uses SMS or even sends real letters instead of e-mails! So OLD fashioned
......
......
Acting like its VHS or something
Whats a DVD!!?
A lot of these people will never know about the DVD era. 90s babies are the best generation because we lived in 4 decades, 2 centuries, and two different millenniums. We witnessed the technology shift in the world firsthand and at a young enough age to grow up with it and be the pioneers. Went from Blockbuster (for whites), Bootlegg (for coloreds), VHS tapes. To dvd. I remember the first DVD player and movie I saw. It was X-men 2. I was thinking damn this is cool. It’s a disc. Gaming consoles kicked off and halo was everywhere. We still had house phones etc etc I’m old
I was guessing Internet Protocol.
Yep!
China owns the most important patent of all, it's called patent of stealing innovation and technology.
membear
Information Processing here
So Edison was already using China's policy back in 1900s in us
What a legend
Lol
What do u mean by that ? Wasn't he the one that invented the electric bull
@@armitylekhona585 may sound like that
Taxing more than 10% of family ncome is copying HARSH communist.
This should have been dealt with years and years ago when China was allowed in to the WTA, this is a big deal, this involves everything concerning capitalism and China is simply ignoring it.
I've read about a number of disputes over Chinese transliterations of trademarks and that the situation with intellectual property in China becoming more balanced when Chinese companies started suing other Chinese companies.
'Why the US is trying to protect its IP from China'
Would be a better title.
They’re being PC. Can’t point out that one ethnostate is over-represented in one type of crime. That’s bad for the Chinese living in the USA and bad for social cohesion in the USA.
@@ThomasFoolery8 China isn't an ethnostate
@@Dim.g0v it's just a moral high ground
No, it should be: "US companies made business with a socialist country and now are facing the consequences".
@@Dim.g0v Lol China is totally an ethnostate. It's over 90% Han Chinese.
Any white or black people are probably tourists or expats.
not every time I buy some coke I know what quality to expect
it depends on dealer
hold up....
mcdonalds is the best coke dealer
I like flavoured coke these days......
Lmao
Lol.
The “Staff Attorney” looks like he’s about 12yo.
_HE_ ? Both the persons appearance AND name are genderneutral enough ( to me ) to give the impression _he_ could be a _she._
That's a girl. I think. Young and confused.
It's a girl
LoL I thought he was a she
@@eugenechin2863 your probably correct
This reminds me of the book - Kicking Away the Ladder by Ha-Joon Chang (no, he's not Chinese - he's Korean and works at Cambridge). Basically all the current superpowers get all resentful when new challengers essentially use the same strategies they once did to develop and so try to take the high road to stop them. IP infringement? US used to do that. Closed / Protectionist economic policy? Also the US in the past, as well as the former superpower Britain. Basically, do as we say (now), not as we did. They've somewhat left behind those practices now only cos they don't need them anymore, a stage China is also starting to transition to. Just wait, one day China will be preaching strong IP protection as well - everyone loves being a hypocrite when it suits them.
In the Bad Samaritans book of the professor he mentioned the increase in patent numbers are not about sharp innovation rate but patenting simple and irrelevant things.
I was searching the comments for a reference to Ha Joon Chang. The book, Bad Samaritans has a chapter devoted to "stolen" technology and why it's not peculiar to Asian nations.
I thought the video would provide a balanced view of why both China and the US are in this battle for IP rights but it simply paints China as the villain and US, the righteous protagonist. I guess we are always the hero in our own stories.
@Jonathan Gullett That's a good point. Except it contradicts the entire premise of this video. The title says "The U.S. and China" and the entire video quietly implies Chinese patents are mostly fraudulent and that China (the country, not individuals across different countries) is the only one playing dirty.
As someone pointed out, the real answer to the question in the title is answered in the last 30 seconds of the 11-minute video. Everything else just sounds like "China bad, U.S. good."
chinese Govt never respect IP's because they're communist. means that all IP that even their own people could produce, is for the Govt, the civillians dont really have power to capitalize on it.. if 1 day the leaders change, and he decided to make the product with other people IP's like stealing weapon tech, he will do just that without any law could prevent him.. lucky us that the US now is a democratic nations, so even the president is not above the law, otherwise we would all be enslaved by them.
The same guy is critisized all over
For americans: IP means Intellectual Property
For rest:- IP means Internet Protocol.
I clicked the video to realize, it was not what i was expecting.
For anyone with brains it means both.
@@Alex632 for everyone with brains it was a joke...why are you always serious..please do laugh sometimes..
China has IP Man whose good at kung fu. It is hard to fight them.
😂😂😂
lol!
Oh you mean Hong Kong. :)
Funny that y'all talk about the "importance of trademarks" and not about the right to repair.
You got me thinking that i need t get that Cantu shampoo and hair grease.
@@PHlophe it works wonders on dry hair. bought it cuz it shares my name, but stayed for my awesome and shiny hair
I have no idea what this means.
2:34 lawyer looks a 9 year old boy
Probably she's a girl.
The answer: it represents how to monetize products and services.
Also, it is also the payment of one's ingenuity and hard work to develop products and services as well as a symbol of good will.
2:33 catch him if you can... staff attorney impersonating kid?
I wish people would understand that when Drug companies raise their prices on Prescriptions Meds and respond by telling people it helps pay for their R&D yet he reality is they have had an IP on their Drug for years and years “in most cases” and is how they get their return in investment. Not by raising prices on Meds.
The video totally misses this point
Why raise the price and not keep it high from the beginning?
@@forloop7713 they face potential legal scrutiny. instead they make it expensive before expiration where it makes them money but too soon so legislation cant go through the government
bro idk what ur even tryna say. third dude out of the last 5 in the comment section that dont know what puncuation is lol
Don't buy them
IP is when the first cars were invented in france and germany but us ended up copying them🤔
That's not really IP, you cant copyright a Car
Uh, no.
the car was patented.
Oh for ex: the first computer was invented by allan turing but us ended up copying on it.🤔🤔🤔🤔
You have no idea what you are talking about. You can't even distinguish between copyrighted and innovation! Do you think that Burger King stealing ideas from McDonald's?
Here I was wondering why the US and China were fighting over IP addresses.
i just asked Gredda Thunbug to give us the answer.
CNBC, great video! Enjoy your Saturday!😍
1:40 old rat just got copyrighted
It's a squirrel
@@SpiritsBB hey cool it with your societal bias, where OPs from they don't have squirrels, just rats.
@@axa.axa. I don't have anything against Russians if that's what you're referring to. If anything I trust them a little more.
@@SpiritsBB /s
Obviously OP needs to educated themselves on the fauna.
It's a dirty game but everyone plays it
I'll register my patent this year: Doggy
Can the coronavirus be trademarked?
How about influenza virus that killed 7000 in the state and no mainstream media cover about it
Not cool man. Viruses don't look at governments before causing havoc. It can happen anywhere.
CDC already patented the virus.
I thought Disney already bought it
No, it belongs to Grupo Modelo.
Don’t worry, rich Chinese will hire American chauffeur, you’ll get a job.
They say "invention" and show Edison
Tesla:-laughs
Aftab Mohammed : true Edison is a cheat
@@cyborggaming9797
Tesla worked for Westinghouse (gentle giant) he was great and branded equipment for Tesla to discover and squire patent.
Scientist worked for Edison were not allowed to aquire patent and discory to themselves.
Calling Edison a "cheat " I don't think that fair.
Since iPhone multitouch display which made iPhone a hit were developed by another small firm which was bought by Steve jobs.
Bill gates bought DoS from another geek which helped gates to develop windows , and you know how that went?
Very informative and detailed video in a comprehensive language.Thank you!
Well, the U.S. did it to itself. They planted all of these seeds with their loyal to their own people.
Protecting corporate theft is a time honoured tradition
Chinese tiger mom won’t allow artistic education. Result > forget about IP.
1:40 mouse :)
I think that’s a squirrel. They hop like that.
Nice
Lol..add
Good catch but it was squirrel 😉
Mickey Mouse
competition is good isn’t it? why does it sound like a battle where there’s an eventual “single winner”
IP is intellectual property. Because patents mean a company owns copyright rights and can create a temporary Monopoly on a product, the more ip, the better. There. Saved you 11 minutes.
Patents make patients. If intelligence was collaborative, there would be no wars.
L C wrong.
Get F in the hymen(look up the word hymen).
Without patents, there would be no innovations and rewards for inventions
If there are not incentives there can't be inventions.
@@olivers-g4021 Actually there's plenty of innovations and inventions that have been made without being patented. Every open source and public license piece of tech forgoes patents - and we've all been the better off for it (as it's allowed others to freely build upon the original work). The polio vaccine by Jonas Salk was famously not patented (and indeed loads of other publicly funded innovations aren't either, which again has benefited society massively). Also, consider the flipside - by fencing off knowledge of and rights over a discovery, a lot of innovation is actually STIFLED by strong IP restrictions because it actively prevents others from further building on those inventions or even accessing their specs. Meanwhile, there are entire creative industries that effectively thrive with practically zero IP protection. Case in point, the fashion industry (albeit that's copyright rather than patents).
Chinese knockoffs also catching up, just look at phones..
China's biggest company Hauwei, Was reported to be the reason why many Canadian Tech companies closed down.
Yeah, but they don’t really invent. They copy. The only smartphone I like was the original iPhone. But everything else is just a big copy. And if you look from a large perspective, nothing ever changes when new phones come out.
@@peppapigthekiller7539 The iphone is a copy.
And there,s nothing special or innovative about a phone. Except to fanboys off course.
The real innovation is not the phones themselves but things like 5g. And huawei is slaying there.
Are American companies really innovative?
Some, yes.
But Facebook is a big copycat. Tried to copy china,s tiktok but failed miserably.
@@lollymanna lmao how did it copy tiktok? Facebook was the original company, and has instagram and whatsapp. Tiktok is a faze which will lose out
@@peppapigthekiller7539 they aren't copying, we actually make our phones over there in china. if we wanted to keep most knowledge on lock then we should have been producing everything here, this means even clothes would be knitted, sewn , buttoned by 90% of white hands and paid a fair wage .
Well explained👏
Wasn't that a squirrel @1:40...?🤪
Many people do not know how important 'IP is to any economy.
everybody need to respect IP ... until USA no longer has the upper hand. cause its no longer fair.
It's only fair if the white man is winning. That is why they had the Chinese Exclusion Act. The white union workers didn't like the local Chinese working for half the price, so they made it illegal for Chinese to immigrate here. Also Chinese were limited to being able to open laundromats, similar to the Jews being able to only open Banks in Europe. Funny, success in America is ok, only if you are white.
@@gbat2479 Historically yes.
In the modern day false.
@@gbat2479 interesting you assume it was due to skin color. Answer this are Irish people white?
@@ZacharySolomon0429 Actually they are considered white. Asians have hierarchies too. But 40% of Chinese males were marrying Irish women. Both were living in slums. Of course anti-mysogynation laws were put in place so Chinese men could no longer marry Irish women. So to answer your question. Yes, Irish people are white.
@@ZacharySolomon0429 Lookup Sessue Hayakawa. He was a very famous Asian American actor in the 1920s. Had many movies with Caucasian women. All of a sudden Asian men were no longer welcome in Hollywood. How convenient. They saw an Asian American making it in Hollywood, so they had to put a stop to it.
Thomas Edison pattens how ironic
We know the truth behind that..😏
We know that telsa was god!
Bughatii Lovren yeah unfortunately people who file patents don’t always originate the technology
To encourage inventions through patent system from those who otherwise wouldn’t do it, spot on
Swoosh~~~~ and comes a Big Mac.
Is this connected to the movie "IP Man"
🤣🤣🤣You kidding..right!?!
I think the US should pass a law of Reciprocal Trade Conditions:
-The US would Tariff products at the same rate as the other country does for those same products coming from the US.
-If the other country obligates US companies to partner up with a local companies and give up their IP, then companies of that country will also face such obligation.
-If the other country imposes Quotas on certain products, the US will impose equivalent Quotas on those same products.
-If the other country changes their trade policy in these areas, then the US would also do so accordingly in an automatic way.
Thanks for the video!! :)
I'm sorry. The reporter moves as if she was the button mom from Coraline.
@1:40ish, if you look behind her, just to the right and up where that framed globe object is, why is the bolt pattern different from the one just above and left of it? It has 6 bolts while that one only has 5. Seems all the other ones have 6 as well. I need to know!
That one's a Chinese copy.
... and you definitely have too much time on your hands 😏
And so do I, because I bothered to have a look 😄
I was missing Elizabeth Schulze. Now what about patent trolls even big companies have being tricked by those it can bring a small company to the ground without the patent troll having any grounds because of the litigation cost.
@Mario Rafael
Yeah, I'm amazed they didn't bring up patent trolls. Especially after 3:40
I mean she just ended that sentence... nothing to add there? Like one of the biggest drains on innovation in our system?
Also 20 years is WAY too long to give a person a monopoly. That's crazy outdated considering how rapidly people can sell a new innovative product nowadays. 20 years certainly wasn't the determined amount of time after the invention of the internet. It's the reason Amazon totally dominates the online marketplace and will for a LONG time.
Yup patent trolls should be sued for sure. The governments need to stop these people because it is literally against everything patents are suppose to do.
Forgot the dudes name but he makes millions from just settling out of court. He does his research for sure and will hit up a company for just the right amount of money for him to go away.
People like that should be banned from being able to sue, and counter sueing them should be easier.
its not about nike without the swoosh... its about the 5$ coronavirus shoes with the swoosh that you paid 120$ for... brands tell u the quality of the product, without them i can bottle water from my toilet and sell it as fiji water
TH-cam cc: Nike without the "swoosh"
McDonalds is in every single country
Great insight CNBC, I need to create a Trademark
I actually thought they were going to talk about Internet Protocols.
She’s a star, this Elizabeth. Excellent report 👏🏼👏🏼
Informative video thanks
Even going by this documentary's narrative, it sounds like:
China: Want a share of my market? Sure, give me your IP
US: There you go!
A while later
US: You stole my IP!
Why would we respect Chinese patents when they don’t respect ours?
Pretty much sums up my entire business law 2 course...
At first I thought they were talking about the IPv4. There are so many octets that you can use but then I realized that IPv4 is only used locally, because for electronics we use IPv6 which will never run out
this is basically the video: IP is intellectual property. Because patents mean a company owns copyright rights and can create a temporary Monopoly on a product, the more ip, the better.
There. Saved you 11 minutes.
Employee at the Patent and Trademark Office: Finally! I’ve discovered a cure for cancer!!
Patent and Trademark Office: You better forget that idea right now.
1:42 saw the frog 🐸 Hopping on the ground 😂
I've now read... frog, mouse, rat, and squirrel!
🤔 I'm going with squirrel
@@BWater-yq3jx I'm still waiting for Pokemon......
Now patents are used to slightly tweak existing products simply to keep competitors out of the market.
Patent causes innovation: Disney would like argue strongly for it, suspiciously so.
I’Ma just write it all off as “research expense”
🤞
Copyright is not valuable as people think. There's a reason why Adobe software is overpriced as it is.
Please explain - I’m not understanding. (I think Adobe products are overpriced & is like to know why.
China is not stealing intellectual property, it is a quid pro quo agreement in compensation for the access to chinese market and chinese labour force
Wait, didn't China's economy benefit immensely from their labour force? So no, there is no such agreement
@@Kb-go5qm why the American companies dont leave China then
@@tolethom big market, anyone who runs a company big or small, no matter from where in the world greatly desires to have a solid foot hold in not only the Chinese market but the Indian one too. It's essentially a gold mine. But the requirements from the Chinese government in order for a company to operate in the country are extremely unethical and in many cases unreasonable. And the lack of rule of law there only makes things worse. But many companies are willing to take the risk as the potential gain is incredible.
"IP is the source of creation"
China has entered the chat
The Chinese developed and trademarked the corona virus.
TheDnlnext and I oopp 🐸🍵 don’t forget the bubonic plague 🤭
Samantha Murphy-Keller - and the kungflu too 😷
that is true.we are creater
"You can't just copy a movie and sell it"
Lol 😂
Yes you can! Westerners don’t have an open mind thats why they are weaker than the Chinese
@@ugandaknuckles3419 open mind?
Weaker?
Or do you even know what you are talking about?
St. Batu yes I do. You westerners just care about a piece of drawing that makes money.
You can't... Meaning illegal, not impossible. As in, you can't just go around stealing cars.
St. Batu That’s exactly why you westerners don’t have an open mind. These brands are in China and your laws don’t apply. You think that every country should follow America’s rules.
11:06 "Chinese (CCP) led" yup, censored to meaninglessness.
The US does this too, China didn't invent this anti capitalist countermeasure.
patents are a joke...
2:35 20 years is not a short period of time
Manengelo that’s 1/3 to 1/4 of a persons life.
Well once its takes so much of work that can last for years and a lot of money before a successful invention is invented. So I think they deserve it comparing ti their working g hours it may be a short period
@@lashenresh4675 depends. Some patents like in pharmacy are for slight modifications to keep prices high and competition low.
It’s also not a long period of time either. It’s all about perspective
6:00: "It took 125 years to issue 1M patents, and it only took 5 years to issue the last million, that tells you the speed of innovation" --- It also shows the rise of patent trolls filling for vague nonsense patents so they can sue inventors who come up with anything remotely similar
America (spongebob): *Invents something*
China (Patrick): “I’ll be taking that!”
😂😂
The best way for the Chinese people to understand the importance of IP is when THEY are placed in defending position of their designs or trademarks. The best example of these is how they are "defending" their position in the tiktok transaction. By the way, don't ever think a signed agreement with the Chinese will be honored....
But the Chinese market doesn’t innovates anything new - it just copies and replicates things from other westerners
3D printing and AI technology will phase out the means of production typically tied to industry/ businesses/ conglomerates
Ok who's going to be the customers
@word not they are doing fine. its just the need for more plastic , more trash , more metal etc..
The time that a patent is valid should be cut in half from 25 years to 12, it’s hurting technological advance
Luckin coffee tastes sooo much better than Starbucks swill.
Why are patents provided to private individuals who are employed by public universities?
Money money money 💰
They should just use new IP address.
The presenter on this piece is terrible. Sounds like a 3rd grade teacher.
If you willingly agreed to sell your products in China knowing that the IP can only protected for 5 to 10 years, can you still call it IP "theft"?
Buy American
Honda has more sales than Harley in the world ,
Patents have been stifling economic growth and competition in the US long before China. The big companies took hold of the patents and hoarded them without actually producing anything with them, yet preventing small startups from developing such technology. The patent laws are flawed.
you mean you dont want to acknowledge the hard work the patent holders did in researching their works?
@@jokobodo4696 if the person who came up with the patent owns it then fine not trillion-dollar companies like apple who have no need for them
@@pandazsleeping7038 but if the engineer is working for Apple it’s apples patent…simple
The main purpose of Patents is to generate enormous revenue for patent lawyers from applications. I know people who have spent $50,000 plus on patents for products before they’ve even sold anything!
You're an idiot.
So, the Director of the Patents Office for the U.S. is not even American?
would you look at that
wait. Whats wrong if after 20 years, the product can be freely produced in other country? the patent is over right?
Tomas Edison didn’t invent the light bulb
An average US patent has an economic value of about $6 million. I head a R&D company that produces 4-6 US patents per year. I make a profit by choosing R&D targets with above average economic value and keeping R&D costs per patent under $6 million. IP protection is very important to me. I am waiting to see how effective IP provisions in the US-China deal are.
We should respect and appreciate Chinese cheating culture.
cashing in for the opium wars 💁♂️
Patents are trash. If you make a good product, then you don't need a monopoly.
Thankfully you'll never be in a position to eliminate patents. You have no idea the downside of eliminating patents.
yeah because since chinese govt protects its people and factories from usa patent infringment , chinese will copy it see how it works , then make it in their factories and because of state subsidies will sell the product back to the usa and the world at half the price of the original inventor and because of custom department limited reach will only be able to intercept a small percentage of goods
@@2drealms196 Force companies to improve their products to outdo the competition?
Good product + state subsides always help for making a start up going huge real fast.
@@blackmesa232323 Alot of innovation takes years of research and billions in R&D to discover breakthroughs. If a competitor can wait in the wings with zero R&D and can swoop in and just copy those breakthroughs without taking financial risks in investing in all that research it would hurt the company that invested all that moiney in the research and make companies even more hesitant to further research.
To hell with ips and patents, I want to have 10 land rovers from 10 different companies.