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Historically many fortunes were built because of special privilege from the King. Ignoring for a moment the anti-competitive claims against Microsoft, consider
by nonce91329713 16y ago
Historically many fortunes were built because of special privilege from the King.
Ignoring for a moment the anti-competitive claims against Microsoft, consider that that fortune already hinges on the special privilege of intellectual property law, which is backed in full force by the US justice system. Not all countries have this protection. Microsoft does not do anywhere near as well in countries without it. Does this protection ultimately help US citizens.....that point is up for debate, but it exists, and businesses exist to capitalize on it. Is it something that should be expected? For now, yes, but two hundred years from now, my guess is that intellectual property rights will have eroded, and we will view Gates's fortune as a fortune built using special privilege, just like oil fortunes were built before regulations against monopolies, and just like many shipping fortunes were built before that with special privilege from princes.
Special fortunes typically need something special in the first place. Carlos Slim is not that much different from Bill Gates. Bill Gates spent a little bit of time as a heroic startup guy, but he spent the majority of his career doing much the same stuff that Carlos Slim does. If copyright law changed, as many MP3 sharers wish it would, his fortune would deflate as much as Slim's.
- Andrew_Quentin 16y agoYou mean it would be best that others could copy the ideas of inventors so that inventors die poor rather than breakthrough pioneers who have given this world the digital age, or at least have contributed towards it significantly, be rewarded appropriately?
- deleted 16y ago[deleted]
- borisk 16y agoRight, Bill Gates - the inventor of the PC, word processing, electronic spreadsheets and more ...
- ESchmidtSeesYou 16y agoAnd convicted monopolist. Not all good, not all bad.
- eru 16y agoI guess you did not spot the irony.
- deleted 16y ago[deleted]
- sbov 16y agoThis may be your point, but you could take your argument and twist it to any law, or lack of law, in any country. All business, big or small, hinge on some sort of special privilege. IP law isn't special in this regard.