Against Intellectual Monopoly with David K. Levine
SHOW NOTES AND MP3: https://www.corbettreport.com/?p=32040
David K. Levine is an economist at the European University Institute and at Washington University in St. Louis. He is the author with Michele Boldrin of Against Intellectual Monopoly, an empirical study of the economics of intellectual property that concludes that IP is not necessary for innovation and as a practical matter is damaging to growth, prosperity and liberty.
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I have often remarked that IP is the weapon that made Microshaft. Gates knew hackers, and made his OS easy to hack, and then pissed them off with the BSA, ensuring they'd pirate his OS in droves. They did. All the apps and tools they used ran on his OS. When the hackers were consulted by Fortune 500 companies, the hackers sure couldn't hack all the OS software the companies needed, but they wanted all their apps and tools to work, so they told the Fortune 500 to buy Microshaft.
Intellectual property rights don't increase innovation and drive competition. They stifle both, and create massive pools of capital in walled gardens of vampires.