People recognize intellectual property the same way they recognize real estate. People understand what property is. But it's a new kind of property, and so the understanding uses new control surfaces. It uses a new way of defining the property.
Michael NesmithIt's clear that people are going to download media files, and they're going to talk to each other, and they're going to exchange information and knowledge and so forth. So this system logic is basically what you bounce off of.
Michael NesmithWealth, in terms of dollars and so forth, could be counted up, because dollars were finite. It doesnโt make any difference how many dollars you have - at a certain point you only have dollars. You start with finite, you end with finite.
Michael Nesmith