You think you understand something like property rights or the nature of competition--you have studied the ideas for years!--and then a challenge comes along that IP is really what the old classical liberals denounced as a “producers’ policy“ like protectionism or industrial subsidies. It beefs up the bottom line of
sector that the GOP serves) affect a pro-business style: My Economic Policy By JOHN KERRY WSJ, September 15, 2004; Page A20 As I travel across this are the most resilient, productive and innovative in the world. And they deserve policies that are better for our economy. My economic plan will do the following: (1)
Neither Google nor Youtube nor any other driving force is using patents to retain competitive advantage, and those who do collect patents mostly do it in order to The rise of modern IP is due to the lobbying of incumbent firms threatened with competition. It is a complete myth that patents give rise to innovation; the reverse
(Samuelson, Newsweek): “the cheaper dollar, by making U.S. exports more price competitive and hurting other countries’ exports, raises the unsettling specter of ‘beggar thy neighbor’ policies.” Addressing Unreasoning Hatreds (Gary Galles, Washington Times ): “Lots of
some new thing he established in the White House called the Council on Jobs and Competitiveness, and this is supposed to represent his new centrism. And who is to works . And this is just the US case: it’s been true in every country where free competition was overtaken by state interventions. There are several pieces of the
was rightly skeptical of the free market and the cultural effects of business competition. In one version of this tale, advanced in the writings of Russell the price with a full-blown welfare-state crisis. “The history of German economic policy since 1949,” he wrote in summary, “has proved that economic freedom is like
has government been wiser in the use of resources than the market system driven by competitive pressure to keep costs down? In fact, government plays a purely are working with the courts to slice up the company, supposedly to create competition but actually to reward Microsoft’s competitors. Is there anyone who truly the great toilet tank fiasco. In a little-noticed law passed in 1992— the Energy Policy and Conservation Act Congress mandated that all future toilets installed in
of the value of the dollar also can raise interest rates. Those are monetary policy causes and therefore the pressure or the emphasis or the blame for high can’t be put on the deficit alone and has to be put on those who manage monetary policy. Also, you warned on page seven that the printing presses won’t run ways of bringing about protectionism. There are the tariffs. But, there’s also the competitive devaluations in the exchange rate of the dollar which is a reflection of
I think you’ve got to send Wall Street the right signals about your fiscal policy. I think the marketplace needs to have confidence that you’re not going down in the cost of doing business. It will significantly make our companies more competitive. It significantly leaves total choice to people. It’s not a government
Unseen Cost of Patents The Book and Music Killers Back to Basics on Property and Competition Fallacy Run Amok The Hoax of Invention History Do Patents Save Our Lives? that IP is really what the old classical liberals denounced as a “producers’ policy,” like protectionism or industrial subsidies. It beefs up the bottom line of
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.