Executive Summary of Floy Lilley's Excellent Presentation

Can Intellectual Property Replace Real Property?

By Floy Lilley, Program Manager Murchison Chair of Free Enterprise University of Texas

Presented at the SME Southern California Section Meeting May 16, 2000

Is Real Property To Be Replaced By Intellectual Property?

It's Silicon Valley vs. Oil/Mineral Property for creating new wealth. Cyberspace is the continent without a wetland or endangered species! Cyberspace is the only continent that is still free. Intellectual property is what creates wealth, always has and always will. Jim Clark, a self-made successful entrepreneur, who started Silicon Graphics, Netscape, and another company, is a good example of the new wealth and success created in cyberspace. All public and private land is tied up in environmental restrictions and regulations. It is harder, if not impossible today, to create new wealth from the land. For example, in 1994 75% of the mining claims in California were not renewed after enactment of a $20/acre property tax. It should also be noted that in the past 10 years regulatory costs have increased by 30%. Federal costs rose from 12.3 to 16 billion from 1990 to 2000 in terms of 1992 dollars Erin Brockovich movie about the impact of chromium on human health is a good example of bad science put forth as truth. The movie produced by Hollywood claimed to be a true story, but did not tell the whole story about this case or the real truth about chromium in the groundwater and the impact to human health. These types of alarmist movies play well on the Silver Screen as well as in Washington, D.C. Mining companies may want to remarket themselves as re-landscaping companies, with mining as a secondary issue.

"The whole aim of practical politics is to keep the populace alarmed, and hence clamorous to be led to safety, by menacing it with an endless series of hobgoblins, all of them imaginary." H. L. Menchen.

Five points to consider/to grow on:

1. The end of 80 years of military buildup.

2. The aging of 81 million baby boomers.

3. The technology revolution.

4. The spread of freedom worldwide.

5. The increasing competition by governments for people and capital.

Cyberspace was founded without governmental controls. Some books/articles recommended by the speaker included:.

"Nature's Keepers," by Stephen Rudiansky. (The new science of nature's management) Yes America has a new Economy! (Wall Street Journal) Patient power! Solving America's healthcare crisis.

"What has the government done with our Money?" by Murray N. Rothbord. The Satanic Gases!

"The Coming Collision, Global Law vs. U.S. Liberties," by James L. Hirsen, PhD.

"The Incredible Bread Machine, " by R. W. Grant. (A study of capitalism, freedom, and the state) Cyber World.

"Earthweb," by Marc Stigler.

What are the most important stories of today?

1. The enduring vitality of the more moderate kinds of religion despite the march of science.

2. The dramatic fall in the rate of growth in global population.

3. The coming ability to remodel human life, the cloning of animal and human life.

In 1850, what would be the situation today if our government had protected and preserved the following items for future generations that were necessities at that time. Salt for food Copper for wiring Whale Oil for heating Horses for transportation

See more information on these topics see Floy Lilley's website: @

Floy's ideas are very thought provoking and run counter to the current popular and politically correct thinking that the Government must control our lives, providing us protection against virtually everything from the environment to health care. One of Floy's precepts is that humans have always found a solution to their problems and they always will. Big Government wants us to think only they have the solutions. (More taxes, more regulations, and more government institutions, No Thanks!)