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I NTELLECTUAL PROPERTY ISSUE MIT’s Magazine of Innovation Who Will Own Ideas? The People Who Use Them. Lawrence Lessig p46 The People Who Create Them. Not Microsoft! Charles Ferguson p64 Richard Epstein p56 It’s Complicated... The editors p18 Can Tech Make Crowds Smart? By Michael Fitzgerald p80 What Digital Maps Know about You 06 By Daniel Charles p77 How Bluetooth Is Saving UPS Millions a Year By Tom Mashberg p42 0 09281 01308 JUNE 2005 USA $4.99 • CANADA $6.99 www.technologyreview.com 2 Contents 7 People and Organizations Index A guide to what’s in this issue 12 From the Editor Star Wars: Revelations and copyright 14 Letters Your thoughts on race and medicine, Arctic drilling, and more R EADM E Read before operating this magazine 18 Who Should Own Ideas? The courts and legislatures should preserve copyright—but carefully. 19 Big Steps for Small Things It’s time to pick nanotech winners. Volume 108, Number 6 Who Will Own Ideas? This month, we host a debate between two leading intellectualproperty lawyers whose opposing views on copyright give shape to one of technology’s most pressing issues. We also feature a piece by entrepreneur Charles Ferguson on the greatest current threat to proprietary software: Linux. 46 19 Market Injection Nongovernmental organizations can meet a need in the vaccines market. D EALFLOW BY I N V I TAT I O N Who is investing where F O R WA R D Emerging technologies in brief 33 Funding of Innovative Startups Clearwire, Nanomix, and more By Andrew Madden 43 Good-Bye to Venture Capital Technology finance has turned rational—so I’m outta here. By Howard Anderson FI NANCIAL I N DICES F E AT U R E S <