3 ms·
Also how many of these people are preserving their wealth by diverting their justly earned income into rentier activity, such as property? In addition many pat
by branchless 11y ago
Also how many of these people are preserving their wealth by diverting their justly earned income into rentier activity, such as property?
In addition many patents are rentier activity. They are taking collected human knowledge and ring-fencing an area to derive economic rent.
I'm not even sure I'm interested in Graham's writings on lisp. Economics, forget it.
- replicatorblog 11y agoPatents are VERY different than property in that they expire in less than 20 years (at least in the US).
- deleted 11y ago[deleted]
- prostoalex 11y agoIf intellectual property protections present an economic constraint, then countries with weak intellectual property protections would outperform countries with strong intellectual property protections. Yet for some reason countries with weak IP protection do not present the world with abundance of new technologies or pharma.