“The patent system: End it, don’t mend it“–”From AIDS to Android phones, research shows that intellectual property rights are detrimental to the social good.” Superb, concise piece in The Christian Science Monitor, by David K. Levine and Michele Boldrin, authors of Against Intellectual Monopoly.
It is common to argue that intellectual property (IP) in the form of copyrights and patents is crucial for the creation of innovative ideas and inventions such as machines, drugs, software, books, and music. Proponents argue that IP is just like ordinary property in houses and cars. In fact, empirical evidence shows that IP does not promote innovation and that, unlike ordinary property, it is detrimental to the social good.
Read the Full Editorial –
[Mises post]
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I commented here, http://econlog.econlib.org/archives/2009/12/against_intelle.html
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