India has recently leased a nuclear attack sub from the Russians. The last thing I rented was a roto-tiller, so I am starting to think I should be shopping in cooler places. More interesting is that the Chinese have apparently also been hot to rent these boats but have not been allowed to as the Russians are worried about China’s lack of respect for intellectual property.
I find this kind of significant, since I was in Taiwan in the early 90’s when they started to crack down on IP piracy in a pretty serious way. Supposedly the reason for this was that Taiwanese companies were finding it harder and harder to get really cool technology from foreigners as it was assumed the Taiwanese would just steal everything. Taiwan was much more controlled by the state than China is today, and its economy much more dominated by a handful of firms, so I assume that things will not play out in China just like they did in Taiwan.1 Still, if you are looking for example #1 of how lack of modern IP and rule of law is hurting China, this might be it.
Via LGM, who seem to like boats
Not that I would really want that anyway, as I find much of the IP system wrong-headed ↩