Copyright & Patent Laws Are Hurting the Economy
Patent and copyright law are stifling innovation and threatening the global economy according to two economists at Washington University in St. Louis in a new book, Against Intellectual Monopoly. Professors Michele Boldrin and David K. Levine call for abolishing the current patent and copyright system in order to unleash innovations necessary to reverse the current recession and rescue the economy. The professors discuss their stand against intellectual property protections in this video. Taken from newswise
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March 11th, 2009 at 2:21 am
yaaaay then we actually will be able to study diseases, because no one owns the right to research it anymore…. Hmmm can’t imagine it would be made legal though… Cause then the greater companies losses a lot of money, and that would be a shame!! ??
March 11th, 2009 at 6:18 am
i have been saying this for a long time
March 11th, 2009 at 6:29 am
I also hate the propaganda term “Intellectual Property”. It lumps together things that have essentially nothing in common. It operates as a catch-all to lump together disparate laws which originated separately, evolved differently, cover different activities, have different rules, and raise different public policy issues.
March 11th, 2009 at 5:53 pm
yes, but … the US market mentality alone is so GREEDY and power-conscious that “the Obama age” alone may not suffice to push such ideas through the hard shell into life …
May 17th, 2009 at 2:57 am
Of course it hurts to economy, civilization is founded on inventions. Dont they consider that students are some of the most creative ppl in the world. Students who are putting off their ideas because they are scared of the risk.Students who don’t have the money.Its hurts the younger generation.
June 18th, 2009 at 8:49 pm
Intellectual Monopoly is good term for intellectual “property”. I also sometimes use term intellectual slavery, because people can not act freely without paying huge money to big corporations. The are in fact slaves of corporations who have monopoly on ideas.
August 11th, 2009 at 6:23 pm
Don’t these guys understand-It’s a concentrated effort to destroy innovation and intelligence,or are they still stuck on “Govt. is good”…
December 14th, 2009 at 2:36 am
This book should be required reading in any economics class. They totally demolish the idea that intellectual property laws are somehow necessary or spur more innovation. In fact, it’s oftentimes quite the opposite! They cite LOTS of studies to back up their claims as well as history.
Thsoe who say in college econ. books that patent laws are necessary fail to cite any REAL studies or empirical evidence. They just assume it’s a given! I once emailed Greg Mankiw about this and… nothing.
December 14th, 2009 at 2:39 am
I’d like to see any defender of the status quo make an argument after reading their book. The evidence is so overwhelming that it’s just about IMPOSSIBLE to argue for these laws after knowing the truth.
Intellectual property laws are just more stupid, nonsensical regulations that distort the market. They put more power in the hands of big corporations and the wealthy elite and less in the hands of individuals. Those who can buy influence and pay to sue are the benefactors.
January 27th, 2010 at 6:02 pm
boldrin sucks
February 26th, 2010 at 1:33 pm
Howdy! Wonderful idea, but might this truly operate?
YURIKO
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