Some people argue that intellectual property law is not free market capitalism, and is instead a regulation that benefits big business. I’m one of those people
While I’d agree in essence, in practice I don’t. They’re an offshoot of capitalism. The goal of capitalism is profit, and if you can create barriers to competition, that protects your profit. IP law is something created out of capitalism as a barrier. If it isn’t the government doing it, it’d be goons hired by those in power. They exist because of capitalism, not from something external to it. If the system were focused on doing good or creating utility, IP law wouldn’t be required.
But capitalism creates innovation!!!
Some people argue that intellectual property law is not free market capitalism, and is instead a regulation that benefits big business. I’m one of those people
While I’d agree in essence, in practice I don’t. They’re an offshoot of capitalism. The goal of capitalism is profit, and if you can create barriers to competition, that protects your profit. IP law is something created out of capitalism as a barrier. If it isn’t the government doing it, it’d be goons hired by those in power. They exist because of capitalism, not from something external to it. If the system were focused on doing good or creating utility, IP law wouldn’t be required.
And regulations restrict both.