tolmasky
7 months ago
The logical endgame of all this isn’t “stopping LLMs,” it’s Disney happening to own a critical mass of IP to be able to more or less exclusively legally train and run LLMs that make movies, firing all their employees, and no smaller company ever having a chance in hell with competing with a literal century’s worth of IP powering a generative model. This turns the already egregiously generous backwards facing monopoly into a forward facing monopoly.
None of this was ever the point of copyright. The best part about all this is that Disney initially took off by… making use of public domain works. Copyright used to last 14 years. You’d be able to create derivative works of most the art in your life at some point. Disney is ironically the proof of how constructive a system that regularly turns works over to the public domain can be. But thanks to lobbying by Disney, now you’re never allowed to create a derivative work of the art in your life.
Copyright is only possible because we the public fund the infrastructure necessary to maintain it. “IP” isn’t self manifesting like physical items. Me having a cup necessarily means you don’t have it. That’s not how ideas and pictures work. You can infinitely perfectly duplicate them. Thus we set up laws and courts and police to create a complicated simulation of physical properties for IP. Your tax dollars pay for that. The original deal was that in exchange, those works would enter the public domain to give back to society. We’ve gotten so far from that that people now argue about OpenAI “stealing” from authors, when the authors most of the time don’t even own the works — their employers do! What a sad comedy where we’ve forgotten we have a stake in this too and instead argue over which corporation should “own” the exclusive ability to cheaply and blazingly fast create future works while everyone else has to do it the hard way.
notahacker
7 months ago
If I thought that nobody had a chance in hell of competing with generative models compiled by Disney from its corpus of lighthearted family movies, I'd be even less keen to give unlimited power to create derivative works out of everything in history to the companies with the greatest amount of computing power, which in this case happens to be a subsidiary of Microsoft.
All property rights depends on public funding the infrastructure to enforce them. If I believed movies derived from applying generative AI techniques to other movies was the endgame of human creativity, I'd find your endgame of it being the fiefdom of corporations who sold enough Windows licenses to own billions of dollars worth of computer hardware even more dystopian than it being invested in the corporations who originally paid for the movies...
horsawlarway
7 months ago
Two thoughts
1. You are assuming that "greatest computing power" is a requirement. I think we're actually seeing a trend in the opposite direction with recent generative art models: It turns out consumer grade hardware is "enough" in basically all cases, and renting the compute you might otherwise be missing is cheap. I don't buy this as the barrier.
2. Given #1, I think you are framing the conversation in a very duplicitive manner by pitching this as "either Microsoft or Disney - pick your oppressor". I'd suggest that breaking the current fuckery in copyright, and restoring something more sane (like the 7 + 7 year original timespans) would benefit individuals who want to make stories and art far more than it would benefit corporations. Disney is literaly THE reason for half of the current extensions in timespan. They don't want reduced copyright - they want to curtail expression in favor of profit. This case just happens to have a convienent opponent for public sentiment.
---
Further - "All property rights depends on public funding the infrastructure to enforce them" Is false. This is only the case for intellectual property rights, where nothing need be removed from one person for the other to be "in violation".
notahacker
7 months ago
I'm assuming greater computing power is a requirement because creating generative feature length movies (which is a few orders of magnitude more complex than creating PNGs) is something only massive corporations can afford the computing power to do at the moment (and the implied bar for excellence something we haven't reached). Certainly computing power and dev resource are more of a bottleneck to creating successful AI movies than not having access to the Disney canon which was the argument the OP made for anything other than OpenAI having unlimited rights over everyones content leading inexorably to a Disney generative AI monopoly. (another weakness of that is I'm not sure the Disney canon is sufficient training data for Disney to replace their staff with generative movies, never mind necessary for anyone else to ever make a marketable quality movie again)
Given #1, I think the OP is framing the conversation in a far more duplicitous manner by assuming that in a lawsuit against AI which doesn't even involve Disney, the only beneficiary of OpenAI not winning will be Disney. Disney extending copyright laws in past decades has nothing to do with a 10 year old internet company objecting to Open AI stripping all the copyright information off its recent articles before feeding them into its generative model.
> Further - "All property rights depends on public funding the infrastructure to enforce them" Is false. This is only the case for intellectual property rights, where nothing need be removed from one person for the other to be "in violation".
People who don't respect physical property are just as capable of removing it as people who don't respect intellectual property are capable of copying it. In both cases the thing that prevents them doing so is a legal system and taxpayer funded enforcement against people that don't play by the rules.
catlifeonmars
7 months ago
> All property rights depends on public funding the infrastructure to enforce them
Still true, because people generally depend on the legal system and police departments to enforce physical property rights (both are publicly funded entities).
JambalayaJimbo
7 months ago
All property rights absolutely depend on public infrastructure. The only thing keeping your house in your name is the legal system enforcing your right to it.
marcosdumay
7 months ago
Either copyrights exist, and people can't copy creative works "owned" by somebody else, or copyrights don't exist and people can copy those at will.
"Copyrights exist, and people can copy others works if they have enough computing power to multiplex it with other works and demultiplex to get it back" is not a reasonable position.
I'm all for limiting it to 15 or 20 years, and requiring registration. If you want to completely end them, I'd be ok with that too (but I think it's suboptimal). But "end them to rich people" isn't acceptable.
reedciccio
7 months ago
> Either copyrights exist, and people can't copy creative works "owned" by somebody else, or copyrights don't exist and people can copy those at will.
that's not how copyright works, it's not a binary thing. Also, it's similar but not the same in every legislation. You can make partial copies, you can make full copies as personal backup, you can make copies to transform copyrighted material (like create art and parodies.)
These cases are going to decide whether Google Books was a fluke or indeed, there is a limit to the power of the big copyright holders (not the artists/creators: those keep on starving, except few lucky ones.)
dragonwriter
7 months ago
> Either copyrights exist, and people can't copy creative works "owned" by somebody else, or copyrights don't exist and people can copy those at will.
Like most simple binaries, this is a false dichotomy, and not only do more options exist in possibility, but neither of those matches the overt state of the law (where copyrights exist, but so do a range of caveats and exceptions, so people can copy and otherwise make use of works by others without permission under certain circumstances, but not at will, satisfying neither of the two options you present as exhaustive of all possibilities.)
tzkaln
7 months ago
ClosedAI etc. are certainly stealing from open source authors and web site creators, who do own the copyright.
That said, I agree with putting more emphasis on individual creators, even if they have sold the copyright to corporations. I was appalled by the Google settlement with the author's guild: Why does a guild decide who owns what and who gets compensations?
Both Disney and ClosedAI are in the wrong here. I'm the opposite of a Marxist, but Marx' analysis was frequently right. He used the term "alienation from one's work" in the context of factory workers. Now people are being alienated from their intellectual work, which is stolen, laundered and then sold back to them.
marcosdumay
7 months ago
I don't think you need to be a Marxist to accept that his observation that people are being alienated from their work capacity is spot on.
The "Marxsist" name is either about believing on the parts that aren't true or about the political philosophy (that honestly, can't stand by its own without the wrong facts). The ones that fit reality only make one a "realist".
ToucanLoucan
7 months ago
I mean, not to be that guy, but multiple Marxist and Marxist-adjacent people I know and am have been out here pointing out how this was exactly and always what was going to happen since the LLM hype cycle really kicked into high-gear in mid-2023. And I was told in no uncertain terms, many times, on here, about how I was being a doomer, a pessimist, a luddite, etc. etc. because I and many like me saw the writing on the wall, immediately, that while generative AI represented a neat thing for folks to play with, that it would, like every other emerging tech, quickly become the sole domain of the monied entities that already run the rest of our lives, and this would be bad for basically everyone long term.
And yeah it looks be shaping up as exactly that.
trinsic2
7 months ago
Yep. And people support it like "No its not going to be like that this time" bullshit.
tzs
7 months ago
> But thanks to lobbying by Disney, now you’re never allowed to create a derivative work of the art in your life
As far as I can tell the only copyright term extension that might have been influenced by Disney lobbying in the US is the Copyright Term Extension Act of 1998, which extended the term from life+50 to life+70 (or from 75 to 95 years for works of corporate authorship).
The switch from fixed terms to life plus+50 came with the Copyright Act of 1976 which had nothing to do with Disney. They were probably for it, but so was nearly everybody because it laid the groundwork for the US joining the Berne Convention and making its copyright system much more compatible with that of most other countries.
As far as copyright law outside the US goes, most countries were on life+50 or longer before Disney even existed.
cxr
7 months ago
> Me having a cup necessarily means you don’t have it. That’s not how ideas and pictures work. You can infinitely perfectly duplicate them.
This is a stupid argument, no matter how often it comes up.
If I hire Alice to come to my sandwich shop and make sandwiches for customers all week and then on payday I say, "Welp, no need to pay you—the sandwiches are already made!" then Alice is definitely out something, and I am categorically a piece of shit for trotting out this line of reasoning to try to justify not paying her.
If I do the same thing except I commission Alice to do a drawing for a friend's birthday, then I am no less a piece of shit if I make my own copy once she's shown it to me and try to get out of paying since I'm not using "her" copy.
(Notice that in neither case was the thing produced ever something that Alice was going to have for herself—she was never going to take home 400 sandwiches, nor was she ever interested in a portrait of your friend and his pet rabbit.)
If Alice senses that I'd be interested in the drawing but might not be totally swayed until I see it for myself, so she proactively decides to make the drawing upfront before approaching me, then it doesn't fundamentally change the balance from the previous scenario—she's out no less in that case than if I approached her first and then refuse to pay after the fact. (If she was wrong and it turns it I didn't actually want it because she misjudged and will not be able to recoup her investment, fair. But that's not the same as if she didn't misjudge and I come to her with this bankrupt argument of, "You already made the drawing, and what's done is done, and since it's infinitely reproducible, why should I owe you anything?")
Copyright duration is too long. But the fundamental difference between rivalrous possession of physical artifacts and infinitely reproducible ideas really needs to stay the hell out of these debates. It's a tired, empty talking point that doesn't actually address the substance of what IP laws are really about.
kweingar
7 months ago
This isn't really an argument though. It's an assertion that not honoring a commission agreement (or an employment contract) is equivalent to not paying for a license to an existing work. I tend to disagree. I could be persuaded otherwise, but I'd need to hear an argument other than "clearly these are the same thing."
cxr
7 months ago
> This isn't really an argument though. It's an assertion that not honoring a commission agreement
Wrong. It's that (not honoring an agreement negotiated beforehand) and an argument against treating past-action-thing as inherently zero-cost and/or zero-value; the fact that a prior agreement is an element in the offered scenarios doesn't negate or neutralize the rest of it (just like the fact that a sandwich shop is an element in one of the scenarios doesn't negate or neutralize the broader reality for non-sandwich-involving scenarios).
And that's before we mention: there _is_ such an prior agreement in the case of modern IP—you can't not contend with the fact that if Alice is operating in the United States which has existing legislation granting her a "temporary monopoly" on her creative output, and then she generates the output on the basis that she'll be protected by the law of the land, and then you decide that you just don't agree with the idea of IP, then Alice is getting screwed over by someone not holding up their end of the bargain.
ramblenode
7 months ago
Agree with the sibling: committing fraud by intentionally not honoring a contract is not morally or logically the same as duplicating a piece of media under copyright. That is not to say that copyright violations are harmless (the scale and intent matter), but details can't be ignored.
A material difference between fraud and copyright violations as categories is the presence of lost profit. With fraud one has lost the time value of their work, but with media piracy there is some research (funded by the EU of all things) that it doesn't trade off with sales and may even help some sales.
user
7 months ago
user
7 months ago
trinsic2
7 months ago
I'm sorry, the two are not even remotely the same. Saying it over and over again doesn't make it so.
cxr
7 months ago
You wanna, like, actually digest what I wrote there? The second comment here is so unlike the first that your "Saying it over and over again" remark can only lead to the conclusion that you either didn't read it or didn't grok it. They're two different comments about two different things.
> I'm sorry
Are you? I think you mixed up the words "insincere" and "sorry".
account42
7 months ago
If you hire Alice that means there is a contract you both have agreed to and need to honor. If alice just shows up in your kitchen making burgers she doesn't get to tell you what to do with the burgers after you kick her out. With copyright there is no explicit contract you can choose to enter. Instead everyone is effectively forced into a contract with every creator. A contract that is unconciably biased to benefit the creator.
Do you think it would be reasonable for Mallory to sell burgers and then demand that if you share some of them with your friend you need to seek her permission? And of course since the burger becomes part of your body then perhaps Mallory should have a say in what you can do with that too and can extract some fee for you existing after eating her burgers. That's how copyright is usually (mis)used - to extract rent in perpetuity for work that was done long ago. This kind of business model just doesn't exist out of IP. It's entirely artificial.
> But the fundamental difference between rivalrous possession of physical artifacts and infinitely reproducible ideas really needs to stay the hell out of these debates. It's a tired, empty talking point that doesn't actually address the substance of what IP laws are really about.
On the contrary, it is a very important point. We don't burgers just sitting around to feed everyone for their entire lives. We do have all kinds of art and entertainment as well as productivity tools that have essentially infinite free copies. We don't really NEED to artificially encourage more creation for a lot of these whereas if people stopped producing food everyone would be in big trouble.
tolmasky
7 months ago
I'm answering in reverse order because I think a lot of this comment covers stuff that we don't really disagree with. Thus I will answer the conclusion and then I put my responses to everything else because I find them interesting, but not required for what I want to convey.
> Copyright duration is too long. But the fundamental difference between rivalrous possession of physical artifacts and infinitely reproducible ideas really needs to stay the hell out of these debates. It's a tired, empty talking point that doesn't actually address the substance of what IP laws are really about.
I would argue that it is perhaps the opposite of tired: ironically less relevant in the past and more relevant as technology advances and mere thought experiments become practical reality. I think many of these issues weren't dealt with in the past because these edge cases existed as mere hypotheticals. Kind of like a mathematician saying that copyright doesn't make any sense because he could write a program that iterates through all books. Lawyers just roll their eyes not because they have a counter-argument, but because they don't think that scenario exists as something they'd ever have to deal with. I think the idea of a computer that reads all the text in the world and learns from it is definitely tied to the questions of unresolved issues with the nature of data, but would have until very recently been considered an annoying hypothetical in a serious discussion about copyright, allowing us to actual dismiss it and continue not addressing it.
We all agree that copyright is too long. And I also think this would just become a non-issue if we had a reasonable duration for copyrights. Even if you philosophically disagreed with it, it wouldn't be worth arguing over vs. just waiting it out.
> This is a stupid argument, no matter how often it comes up.
I knew bringing this up would rekindle these arguments from 20 years ago, but it was necessary for a later point, so I was hoping I was making it value-neutral enough that it wouldn't trigger this, but I guess I was wrong.
To be clear, I am not making the same argument you have seen several times before. I am making a strictly weaker argument. The only goal of this distinction is to demonstrate that these properties are "different", and that the law aims to make "intellectual property" behave like physical property. Notice for example that I didn't then assert that IP thus doesn't exist. I didn't even argue whether this goal of matching the behavior was good or bad. I am simply stating that it doesn't by default behave the way we seem to want it to, and, people don't seem to intuitively ascribe the same morality to it either. My only intention is to make the point that this goal thus requires work, and (as I'll explain in more detail below), more work than in the physical case. So far I don't think there is anything necessarily unreasonable about this as a set of premise conditions for establishing the terms under which the public at large agrees to take on the costs of maintaining said system.
> A bunch of stuff about Alice making sandwiches and drawing pictures
Disclaimer: I don't think we're really in disagreement about the important points, and I don't think this section is relevant to the important points which I return to below, however I find it intellectually interesting to talk about, so I have a retort here, which I believe is just an unrelated digression
These analysis of Alice making sandwiches and drawings (IMO) misses the actual meaningful differences in these scenarios since it (IMO) focuses on the uncontroversial, but also irrelevant, breach-of-contract issues. In both these scenarios, the issue is not really the "property," it is the refusal to comply with a previously agreed arrangement. You can see this if we add a third scenario where I pay Alice to do jumping jacks for a week, she does them, and then I refuse to pay at the end of the week. No need to pay you, you already did the jumping jacks. No one "got" anything here, other than I guess "satisfaction" or "exercise". We can make the example even more abstract by having me pay Alice to do nothing all week, and she once again does a great job by sitting quietly in her room all week, and then I once again don't pay her. The sandwiches and drawings are just props in the original examples -- they're not actually necessary since this is a contract question, not a theft question.
The actual interesting aspects around the sandwiches and drawings are 1) what happens much after this transaction, and 2) what happens with third parties. With the sandwiches, "what happens after" is straight-forward. I either the sandwiches, resell them immediately, or they go bad. There's not much interesting there. No one needs to think hard about the "ramifications" of the sale of the sandwiches. Compare this to the drawing. What if after I have paid you, just like we agreed, I proceed to make my infinite copies. You might think that's not fair, you thought you'd have a repeat customer. I assumed I was free to do as I please with the drawing. In fact, ironically enough, in this instance if I treat the drawing like physical property, where the expectation is I can do as I please with it, it ironically creates this conundrum because "putting the paper in the photocopier" is in the set of "do as I please". But let's go one step further, what if I make all those copies and then sell them.
I'm sure you'll now respond that the royalties or usage rights were all implied in your original story. Great! But that's my point. Those were required. You needed a supremely complex web of laws and binding contracts (and litigation if they aren't followed) as a necessary component of that transaction due to the existence of degrees of freedom that simply don't exist for the sandwiches. You can write up a contract around the resale of a sandwich, but most sandwich shops don't because me eating sandwiches for the rest of my life by copying the original sandwich isn't a realistic scenario (so no need to price that into the original cost of the sandwich), and me out-sandwiching you by carbon-cloning the sandwich isn't feasible, and even if it was it would still have material ingredient costs that would bound its effect on my shop, and even "figuring out the recipe" isn't that much of a worry since you still need to like buy ingredients and make sandwiches as opposed to hitting paste over and over. These scenarios are dramatically different, and that's why sandwich shops usually don't employ lawyers but design shops do. And again, we didn't even go into third parties. What if someone manages to somehow make a copy of your image just as you're handing it to the client. Now both of you are in compliance with your deal, neither of you is angry at each other, but there's this weird situation where you were never expecting to get money from me, but I have a copy of the picture now, and it's really hard to reason about what that means in terms of "gain" and "loss" if I never do anything other than hang it up in my room. This is simply not possible with the sandwich, no one could quickly "copy the sandwich" in transit and potentially introduce an entirely new threat to your business.
Again, my only point here is that it seems very strange to insist that there physical property is identical to intellectual property, and that it isn't fairly complicated to make intellectual property approximate the relationships we have with physical property. And to be clear, nothing even derogatory has been said about this goal yet. You could take everything I've written in this comment so far, and use it as part of argument for copyright. However important is it precisely because of the explosion of complexity in possibilities that simply don't exist for the vast majority of physical items.
cxr
7 months ago
You're comfortable acknowledging that the relevant principle isn't specific to sandwich shop workers or women named Alice and that what's at issue in the example provided is something more general than either of those two details. You're insisting, though, that it is as specific as breaking a prior agreement and nothing broader, even though that, too, was contrived just the same in order to flesh out the example with detail. That unwillingness is an error.
tolmasky
7 months ago
I'm not merely comfortable acknowledging it, I specifically took the time to demonstrate how the outcome was property-type-independent by explicitly going over what happens when we remove the property from the example but leave everything else unchanged. If you contend that the breaking of the agreement is somehow equally superfluous, then I think it's on you to demonstrate that through a similar analysis. You seem pretty confident this is the case, but I am skeptical given that the story only really had two components: the property in question, and the agreement with regard to the property. They can't both be inconsequential details fleshing out an otherwise empty story, right?
But either way, I think the point that immediately follows that is even more important, right? The fact that the nature of the ownership, even in a "successful" transaction, is incredibly more complicated with the drawing. How the we don't even properly understand how much "ownership" you have of the drawing without a contract. How that transaction potentially puts you in direct competition with Alice in the future. Etc. etc. Again, the entirety of my position is the fairly narrow statements that: 1) intellectual property is fundamentally different from physical property, 2) you thus cannot simply model intellectual property transactions by merely pretending you're dealing with physical objects (since there's fundamentally more dimensionality and ambiguity without explicitly outlining and agreeing to way more terms and details), and 3) intellectual property thus naturally requires significant infrastructure in order to create an environment that gets anywhere close to simulating the same "physical-like" properties for intellectual property. I don't think that's controversial.
tlb
7 months ago
I find "this wasn't the point of copyright", referring to the motivations of 18th century legislators, unpersuasive. They were making up rules that were good for the foreseeable future, but they didn't foresee everything and certainly not everyone being connected to a global data network.
Persuasive arguments should focus on what's good for the world today.
tolmasky
7 months ago
I hate to break it to you, but we continued that pattern of making up rules. The main difference is that we let lobbyists play a bigger role over time. The updated rules (life of the author plus 70 years) was passed in 1976, so I don't think they had global data networks in mind either. But perhaps you believe neither side has presented a persuasive argument.
I will however say that I think my comment was not just an appeal to authority. Again, I think the fact that using public domain works was critical to Disney's early success is a fairly important data point, especially considering some of those works would not have allowed to be used with the current lifespans (e.g. Pinocchio's copyright would have lasted until 1960, 20 years after the film premiered).
But again, the most important thing I want taken away from this is that we the "consumers" of the content should not consider ourselves bystanders, but understand that we do have an active stake here as well. You're first sentence is perhaps more important than you realize, making up the rules wasn't something one-off incidental property of being first to the table, we could choose to make up the rules too, so we should act like it, as opposed to trying to "deduce" the ownership of a sentence. This is unique, we don't have that ability with physical property. We can't simply declare that everyone gets Ferrari tomorrow and then have them magically appear in everyone's garage. But we could declare that everyone can have the rights to Superman tomorrow, and they would "magically just have them".
There's no real baseline here. We should just weigh the pros and cons. The fashion industry operates more or less copyright-free. The infrastructure to enforce copyright has real costs. Not to mention there is all the collateral damage from the abuse of copyright takedowns this system brings along with it. And any sort of appeal to authorship is also highly suspicious given that authors rarely end up owning these rights. Every time one of these Marvel movies comes out there's a mini outcry when people see the guy whose comic the movie is based on is just some dude who gets nothing from the making of the movie. On the flip side we take for granted that every public domain character was of course at one point created. Robin Hood, Zorro, Dracula, Sherlock Holmes. Are we unhappy with the diversity of adaptations we've gotten from these? Would it be that Earth shattering if Harry Potter joined that list? As things stand right now no one on this website will likely ever get to legally publish "their take Harry Potter". The clock doesn't start ticking until after JK Rowling dies. It would have entered the public domain 2011 under the original rules. In case you're curious, her net worth in 2011 was $500M, if you want to factor that into whether you think that would have been "fair" (and its not like she stops making money at that point, its just other people start to be able to do stuff with the first book). I think it is worthwhile to imagine a different approach to this.
up2isomorphism
7 months ago
There is no such a thing called “we” in terms of the financial consequences. If you own an IP is because you acquire it through a contractual piece, also an artist, if he works for a company he also receives the loyalty stated in the contract. You can argue the artists might not be fairly paid which I agree. But it is obviously worse to live in a world not only one CERTAINLY won’t get paid and the work can get plagiarized into something he/she does not even like. If that’s the case I think it is the end of innovation.
benreesman
7 months ago
Sounds like it’s supposed to be hopeless to compete already: https://www.zenger.news/2023/06/10/sam-altman-says-its-hopel....
user
7 months ago
adventured
7 months ago
AI is absolutely a further wealth concentrator by its very nature. It will not liberate the bottom 3/4, it will not free up their time by allowing them to work a lot less (as so many incorrectly predict now). Eric Schmidt for example has some particularly incorrect claims out there right now about how AI will widely liberate people from having to work so many hours, it will prove laughable in hindsight. Those that wield high-end AI, and the extreme cost of operations that will go with it, will reap extraordinary wealth over the coming century. Elon Musk style wealth. Very few will have access to the resources necessary to operate the best AI (the cost will continue to climb over what companies like Microsoft, Google, Amazon, OpenAI, etc are already spending).
Sure, various AI assistants will make more aspects of your life automated. In that sense it'll buy people more time in their private lives. It won't get most people a meaningful increase in wealth, which is the ultimate liberator of time. That is, financial independence.
And you can already see the ratio of people that are highly engaged with utilizing the latest LLMs, paying for them, versus either rarely or never using them (either not caring/interested in utilizing, or not understanding how to do so effectively). It's heavily bifurcated between the elites and everybody else, just as most tech advances have been so far. A decade ago a typical lower / lower middle class person could have gone to the library and learned JavaScript and over the course of years could have dramatically increased their earning potential (a process that takes time to be clear); for the same reason that rarely happens by volition, they also will not utilize LLMs to advance their lives despite the wide availability of them. AI will end up doing trivial automation tasks for the bottom 50%. For the top ~1/4 it will produce enormous further wealth from equity holdings and business process productivity gains (boosting wealth from business ownership, which the bottom 50% lacks universally).