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Why would some one who is free-market be in favor of patents? Patents involve government intervention at a very low level (e.g., evaluating technical details to
by biomcgary 11y ago
Why would some one who is free-market be in favor of patents? Patents involve government intervention at a very low level (e.g., evaluating technical details to determine patentability) and are prone to regulatory capture, which is not remotely free-market. I do see how a "hard-core capitalist" would love patents though.
- vezzy-fnord 11y agoCorrect. Patents are antithetical to a free market, as Rothbard wrote in Chapter 10 of Man, Economy, State. I don't know of a more definitive hardcore laissez-faire capitalist than that.
- datashovel 11y agoSorry, I was formulating 2 separate thoughts in a single comment. Not obvious now that I've re-read it.