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Basic economic theory says that monopolies lead to less innovation and poor service, so I don’t see how you could honestly claim that avoiding creating monopoli
by benchaney 8y ago
Basic economic theory says that monopolies lead to less innovation and poor service, so I don’t see how you could honestly claim that avoiding creating monopolies “flies in the face of what almost and economist thinks”.
- Matticus_Rex 8y agoEspecially not if he'd looked at the economics literature on the question, which is at best tepid on the question of whether IP has a net positive effect, and at worst an outright rejection of its validity on historical, empirical, and theoretical grounds.
- deleted 8y ago[deleted]
- edanm 8y agoBasic economic theory also says that incentives matter. And that all things considered equal, if the value you can extract from a good goes down, so does the amount of that good provided. In this case, the good bring innovation.