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  • We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.

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We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.

I always tell people what I did 50 years ago as a teenager is now 4,000 times easier to do today than when I did it. Technology breeds crime - it always has and it always will. There's always going to be people willing to use technology in a negative, self-serving way. So today it's much easier, whether it's forging checks or getting information. People go on Facebook and tell you what car they drive, their mother's name, where you are going on vacation, where you've been on vacation. There's nothing you can't research in a matter of a couple of minutes and find out about someone.

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