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There's also the question of inequality. Granting monopolies exacerbates inequality, so a hypothetical short term boost to productivity growth might not transla
by dougabug 11y ago
There's also the question of inequality. Granting monopolies exacerbates inequality, so a hypothetical short term boost to productivity growth might not translate into meaningfully better quality of life for most people. Government engineered barriers to competitive use of specific ideas could undermine the bargaining power of workers, and artificially inflate or support prices of key goods.
It seems like an innovation supporting tax would be less restrictive, while still rewarding useful innovations that the market somehow fails to reward.
- mirimir 11y agoIndeed. What comes to mind are farmers who depend on highly tweaked crops to survive, but who are forbidden (or prevented by design) from even saving seeds. Let alone trying to improve the strain.