Stealing of Ideas in an Age of Globalization
By Pat Choate - Author of Agents of Influence
Pub. Date: April 26, 2005
Once I started Hot Property I couldn't put the book down.
Reading all day on
and off to the exclusion of other things which needed to be done.
The story is
stunning and compelling. America, in fact all of the West is in
trouble if we don't start addressing these issues very aggressively.
Failure to act will send us down the same path as Rome.
I could not help but find it ironic that the very companies who are
known for their predatory practices against independent inventors
preyed on globally themselves. My first reaction was that they
this. But upon reflection I changed my mind.
In 1990 I left a subsidiary of Sun Oil to pursue my inventions.
By 1993 I
had achieved commercial success but was only able to collect royalties
less than ten percent of the products incorporating my invention.
I had to fight
an endless stream of intellectual property thieves. The first
then a division of Thyssen, followed by Mitsubishi, General Motors,
Rockwell's Allen Bradley, and a host of others.
But I was making a living, and prospering to the point that I was able
devote much of my time to community service for the past decade.
result of my experiences I founded the Professional Inventors Alliance
1993 and in early 1995 brought many of those inventors into the
reform fight which is described in chapter nine of Hot Property.
I started what is now www.InventorEd.org.
Over the last five years the core business of my company, Riley &
Associates, Inc. which markets the monorail control products I
dropped rapidly. It is only my other business activities which
me to continue.
About five years ago I exported product to both India and China.
visions of a growing business. In each case only a small
product was shipped, and I never received another order from either
Then one of my major licensees in the automation industry filed
costing me a quarter of my annual revenues. They reorganized and
eventually did receive payment a year later. But their long term
questionable, and if they fail it will cost me dearly. The cause
failure is detailed in chapter five "Japan's Way" of Hot
Property. In fact
America's automation industry is in a shambles.
I responded to this by shifting my consulting business to the medical
industry. I have found ample business in that industry. But I
can see that
this may not last, for they are also suffering, losing business to
other than China. And since so much of the manufacturing is
going to China much
of the automation business is also moving there.
While lobbying the patent reform issue I had numerous meetings with
United States Trade Representative (USTR). These meetings involved former
Patent Commissioner Don Banner and several other notable people.
staff who were present were Joseph Papovich and Ira Shapiro (General
Counsel). At one of the meetings Mr. Shapiro was explaining to
difficulties of negotiating with the Japanese. He described the
being like peeling an onion, that there was always another layer.
After considering this for a few moments I replied that the person
the onion was crying the whole time and that reply drew
laughter. Granted that he laughter was of the nervous variety.
learned in the process that America's intellectual property and most
economic issues were routinely traded away to get other concessions.
Property details how our government is squandering our economic
and our future. The story told in Hot Property is consistent
experiences both as a business owner and during seven years of lobbying
issues in Washington, DC.
If we are realistic we must recognize that we are all in the same
and small business alike. And we must recognize that all
countries are being similarly victimized. It is long past time
business recognizes that independent inventors can be part of their
salvation, and time that independent inventors learn to have
expectations. Working together we could return America to its
Failure to do so will surely lead to rapid decline of the West.
"Hot Property: The stealing of ideas in an age of
globalization" is a fast
paced and interesting book which shows us the history of how
developing countries are stealing us blind. It teaches us how
the way Germany stole and manipulated their way to control many
on a global basis and how China, India, and a handful of other
now following in their footsteps.
Everyone who is in government, intellectual property, business, and
general public should read this book. We cannot stop
globalization and even
if we could we probably should not. But we should make sure that
countries earn their prosperity by building their own economy and not
them to appropriate our knowledge base.
Ronald J. Riley
Have you been
Scammed? Find out
what to do here.
Please Notify Us Of Any Errors Of Fact - Click ErrorOfFact
Site Index - Contact
© InventorEd, Inc., Page last revised 2-14-2005