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If the companies being copied don't have patents on the products, are they really innovating?
by Imnimo 5y ago
If the companies being copied don't have patents on the products, are they really innovating?
- triactual 5y agoThey are not. They are rent-seeking. If you didn’t convince your customers of your brand value or at leadt get a patent, you probably didn’t innovate and thus a free economy makes you vulnerable to competition from more efficient businesses. Surprise! The consumer benefits and the rent-seeker has to try something else.