"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.
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