In his book "The Square and the Tower," Niall Ferguson emphasizes the significance of ownership, highlighting that possessing real property is only surpassed by owning intellectual property. This perspective underscores the immense value placed on both types of ownership in modern society, where tangible assets and creative ideas play crucial roles in economic and social influence.

Ferguson's statement suggests that while physical land and buildings are important, the true power lies in the ownership of ideas and innovations. Intellectual property can drive technological advancements and cultural shifts, making it a critical asset in the contemporary world. This duality of ownership reflects the changing dynamics of power and wealth in an interconnected society.