Hot Property: The Stealing of Ideas in an Age of Globalization

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Knopf Doubleday Publishing Group, Dec 18, 2007 - Business & Economics - 368 pages
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The problem of pirating and counterfeiting has grown from small-scale imitations of Levi’s jeans and Zippo lighters to a phenomenon that costs the United States an estimated $200 billion dollars per year. Pirated DVDs, computer software, designer clothes, and machinery flood global markets, inflicting heavy losses on U.S. businesses, while counterfeit medicines, auto and aircraft parts, and baby formula regularly cause fatalities around the world. The theft of artistic and scientific creation is draining our economy. It is the great economic crime of the twenty-first century.

Pat Choate, the author of the best-selling Agents of Influence, examines the roots of conflicts over intellectual property and how the establishment of patent and copyright protections helped propel the American economy. He interweaves the stories of Eli Whitney, Alexander Graham Bell, and Thomas Edison to illustrate how the United States transformed itself from a largely agricultural society into a manufacturing, scientific, and technological superpower, giving rise to further copyright and patent protection laws. He traces the emergence of Germany, Japan, and China as rivals to American primacy through copying, counterfeiting, and underpricing American products and media. He reveals the shockingly meager effectiveness of current efforts to defend American businesses, inventors, and artists from corporate espionage. And he sounds a powerfully convincing warning that the general indifference of our government toward the security of American intellectual property is already affecting job security and the economy in general (an estimated $24 billion is lost each year to pirated films, music recordings, books, and other merchandise in China alone).

Hot Property is an impassioned, clear-eyed, and sound assessment of one of the most serious problems facing the American economy today, certain to be one of the most widely discussed books of the year.

From the Hardcover edition.

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HOT PROPERTY: The Stealing of Ideas in an Age of Globalization

User Review  - Jane Doe - Kirkus

Fluent arguments against those who maintain that ripping a borrowed CD or pirating a video is a victimless crime.At the micro level, such acts are not necessarily world-ending. And doesn't Hollywood ... Read full review

Hot property: the stealing of ideas in an age of globalization

User Review  - Not Available - Book Verdict

Choate (Save Your Job, Save Our Country, written with Ross Perot) begins his provocative book with a bang, citing the blatant sale of fake merchandise three blocks from the offices of federal trade ... Read full review


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About the author (2007)

Pat Choate is also the coauthor of The High-Flex Society; America in Ruins; Being Number One; and Save Your Job, Save Our Country with Ross Perot. In 1996, Ross Perot selected him to be his vice presidential running mate. He lives with his wife outside Washington, D.C.

From the Hardcover edition.

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