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In-House Counsel

Aug. 13, 2010

Wealth, Innovation and Intellectual Property

Patents

By Morgan Chu

A huge shift in wealth creation took place, and we hardly noticed it.

Through most of the Twentieth Century, the wealthiest Americans were those who controlled hard assets. They controlled industrial materials - steel, aluminum, and chemicals, transportation - cars and shipping, dirt - real estate - and, most of all, energy - oil.

Here is what happened.

Fortune magazine publis...

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