3 ms·
Do you believe that, without IP law, we'd still have companies invest the amounts they do into creating new technology (particularly in high R&D areas like phar
by alehul 8y ago
Do you believe that, without IP law, we'd still have companies invest the amounts they do into creating new technology (particularly in high R&D areas like pharma)?
- baybal2 8y agoPfffff, just not pharma. A lion share of genuine new pharmaceutical research is done by underpaid undergrad mules in sweatshops called "captive R&D centres" in places like China and India, that the reality.
- Andhurati 8y agoIsn't most research done in government labs or universities? Innovation is great but it's mostly a buzzword to describe the aformentioned research in commercial areas
- adventured 8y agoNo. The US Government is 18%-20% of all R&D spending in the US. A lot of that is in the military budget of course. Which makes perfect sense when you consider the size of the private economy versus the share of government spending that could reasonably go to R&D (versus entitlements, military, infrastructure, etc). Private corporations are around ~$400 billion of the ~$550 billion per year spent in the US on R&D. The government R&D figure as a share is higher in the EU than in the US, but not dramatically so. The private sector is simply too large by comparison and can focus its resources more narrowly on things like R&D than what a government could be expected to.
- alehul 8y agoNot only does private industry spend more on R&D, but I'd personally argue that their $400 billion is required to be more effective at a per-dollar level, given the inherent competitiveness and need to create something profitable.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]