Patent and copyright laws create temporary monopolies, known as “intellectual property,” designed to incentivize artistic creation and technological innovation. While these monopolies raise returns for patent and copyright holders, they also impose costs—not only on consumers forced to pay higher prices, but also on downstream innovators dependent on monopolized inputs. These costs have exploded in recent decades because of a huge and unwarranted expansion in the scope of patent and copyright protection. As a consequence, intellectual property law now does more to deter innovation than to encourage it—while at the same time generating huge fortunes and outsized profits for a lucky few.
Blog posts about Intellectual Property
This Week in Intellectual Property, April 6th
News and Commentary It's finally out! After nearly 10 years, Google v. Oracle has been decided at the Supreme Court in favor of Google. [...]
This Week in Intellectual Property, March 31st
News and Commentary The Hollywood Reporter writes about the $20 million copyright infringement claim made against Paramount Pictures based solely on a draft screenplay [...]
This Week in Intellectual Property, March 24th
Rent Check Sean Mooney looks at an old article written by Jeff Bezos in 2001 about the problems associated with software and business [...]
An Ounce of Copyright Reform is worth a Pound of Competition Law
Libraries across the country, despite being more valuable than ever, face a triple threat as a result of the pandemic. Their funding sources [...]
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