“Intellectual property” – patents and copyrights – have become controversial. We witness teenagers being sued for “pirating” music – and we observe AIDS patients in Africa dying due to lack of ability to pay for drugs that are high priced to satisfy patent holders. Are patents and copyrights essential to thriving creation and innovation – do we need them so that we all may enjoy fine music and good health? Across time and space the resounding answer is: No. So-called intellectual property is in fact an “intellectual monopoly” that hinders rather than helps the competitive free market regime that has delivered wealth and innovation to our doorsteps. This book has broad coverage of both copyrights and patents and is designed for a general audience, focusing on simple examples. The authors conclude that the only sensible policy to follow is to eliminate the patents and copyright systems as they currently exist.
ETA: It’s written from the perspective of believers in the broad capitalist structure. The authors are serious economists that support the free market in no uncertain terms.
I would argue that IP doesnt need to be purly capitalistic though. Yea i agree that if we have a life saving drug, dont let 1 company monopolize the shit out of it and let people die for an extra dollar, but i dont know that ill say IP shouldnt exist.
If someone writes a story, creates a character or world, i want that content creator to be able to develop it without people infringing. If someone created a great game, i dont want a bunch of shit companies racing to put out the next title in the interest of making a buck off someone elses idea. I want who ever created that game to own the franchise long enough that they can make a second, third, or 4th game (or what ever media they adapt) to continue telling their story before other people put out low quality content that spoils the franchise
And the authors aren’t really saying that, either.
To be clear, I don’t agree with all of the authors’ positions. I also think it’s worth noting that the authors are not advocating for an elimination of the patent and copyright systems without replacing them with systems better suited to ensuring creator prosperity while also allowing for speedier human innovation.
It’s worth a read, if you’re interested in the subject matter. It challenged my opinions on intellectual property, but didn’t change them entirely. Things they discuss, such as patent trolling and patent squatting, are worth contemplation. How can we change IP law to disincentivize such antisocial intellectual property law use by bad-faith actors?
ETA:
The economic burden of today’s patent lawsuits is, in fact, historically unprecedented. Research shows that patent trolls cost defendant firms $29 billion per year in direct out-of-pocket costs; in aggregate, patent litigation destroys over $60 billion in firm wealth each year.
This is a great read on the IP topic. I highly recommend it:
Against Intellectual Monopoly
This is the co-author’s site and it does contain the full text, although physical copies are available directly from the Cambridge University Press.
Here’s a summary:
ETA: It’s written from the perspective of believers in the broad capitalist structure. The authors are serious economists that support the free market in no uncertain terms.
I would argue that IP doesnt need to be purly capitalistic though. Yea i agree that if we have a life saving drug, dont let 1 company monopolize the shit out of it and let people die for an extra dollar, but i dont know that ill say IP shouldnt exist.
If someone writes a story, creates a character or world, i want that content creator to be able to develop it without people infringing. If someone created a great game, i dont want a bunch of shit companies racing to put out the next title in the interest of making a buck off someone elses idea. I want who ever created that game to own the franchise long enough that they can make a second, third, or 4th game (or what ever media they adapt) to continue telling their story before other people put out low quality content that spoils the franchise
And the authors aren’t really saying that, either.
To be clear, I don’t agree with all of the authors’ positions. I also think it’s worth noting that the authors are not advocating for an elimination of the patent and copyright systems without replacing them with systems better suited to ensuring creator prosperity while also allowing for speedier human innovation.
It’s worth a read, if you’re interested in the subject matter. It challenged my opinions on intellectual property, but didn’t change them entirely. Things they discuss, such as patent trolling and patent squatting, are worth contemplation. How can we change IP law to disincentivize such antisocial intellectual property law use by bad-faith actors?
ETA:
(From the above article… and that was in 2014!)