Is Intellectual Property the Key to Success?

The repeal of intellectual property legislation, writes Jeffrey Tucker, would do nothing to remove from business its capacity to create, innovate, advertise, market, and distribute. The repeal of IP might create for it an additional cost of doing business, namely efforts to ensure that consumers are aware of the difference between the genuine product and impersonators. This is a cost of business that every enterprise has to bear. Patents and trademarks have done nothing to keep Gucci and Prada and Rolex impersonators at bay. But neither have the impersonators killed the main business. If anything, they might have helped, since imitation is the best form of flattery.

The Call of the Entrepreneur

The Acton Institute has put together a very effective hour-long feature called The Call of the Entrepreneur, which has been premiering in theaters across the country over the past several months. We had the pleasure of premiering it in our own home not long ago, and it is quite excellent. For once, the moral dimension of entrepreneurial activity is brought to the fore and celebrated. For once the heroes are creators, not political hacks.