Book contents
- Monitoring the State or the Market
- Monitoring the State or the Market
- Copyright page
- Contents
- Preface
- Acknowledgments
- Part I The Period until the Great Depression
- Part II From Laissez Faire to Welfare States: 1930 to 1970
- Part III The Period after the 1970s
- 13 A Return to Laissez Faire?
- 14 The Policies of Market Fundamentalism
- 15 The Growing Importance of Monetary Policy
- 16 Equity Aspects of Market Fundamentalism
- 17 Other Aspects of Market Fundamentalism
- 18 Cultural Aspects of Market Fundamentalism
- 19 Growing Conflict between Efficiency and Equity
- 20 Intellectual Property and Venture Capitalists
- 21 The World in the Twenty-First Century
- 22 The Impact of New Economic Developments on the Market and Democracy
- 23 More on Economy and Culture in the Present Time
- 24 Some Summing Up and Concluding Observations
- References
- Index
20 - Intellectual Property and Venture Capitalists
from Part III - The Period after the 1970s
Published online by Cambridge University Press: 07 December 2023
- Monitoring the State or the Market
- Monitoring the State or the Market
- Copyright page
- Contents
- Preface
- Acknowledgments
- Part I The Period until the Great Depression
- Part II From Laissez Faire to Welfare States: 1930 to 1970
- Part III The Period after the 1970s
- 13 A Return to Laissez Faire?
- 14 The Policies of Market Fundamentalism
- 15 The Growing Importance of Monetary Policy
- 16 Equity Aspects of Market Fundamentalism
- 17 Other Aspects of Market Fundamentalism
- 18 Cultural Aspects of Market Fundamentalism
- 19 Growing Conflict between Efficiency and Equity
- 20 Intellectual Property and Venture Capitalists
- 21 The World in the Twenty-First Century
- 22 The Impact of New Economic Developments on the Market and Democracy
- 23 More on Economy and Culture in the Present Time
- 24 Some Summing Up and Concluding Observations
- References
- Index
Summary
In the last decades of the twentieth century and in the first decade of the twenty-first century there was much investment in digital technologies. Venture capitalists were increasingly attracted by the possibilities that these technologies could offer. The freely available basic knowledge of the past had created a fertile ground. Silicon Valley in California was at the center. Some individuals (Gates, Jobs, Zuckerberg, Musk) had taken advantage of the possibilities and had created some of the world’s most profitable enterprises. The value of these enterprises depended on their intellectual capital. The sales of these enterprises had contributed to national income. It is less clear that they had equally contributed to general welfare. The value of information had replaced in large part that of tangible commodities.
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- Monitoring the State or the MarketFrom Laissez Faire to Market Fundamentalism, pp. 148 - 158Publisher: Cambridge University PressPrint publication year: 2023