4 ms·

If there is no IP protection, it is illogical to invest money in new materials R&D or medicines.

by mensetmanusman 4y ago

pydry 4y ago
Illogical for the private sector. Publicly funded research is probably more effective anyway though.
- mensetmanusman 4y ago
  The US tried that post WW2, turns out if you can print money there isn't a lot of incentive to work nights and weekends getting something out the door for government pay.
  - smeagull 4y ago
    Damn. Imagine how relieved the inhabitants of Nagasaki and Hiroshima must feel about that.
    - mensetmanusman 3y ago
      Wartime is certainly motivation.
  - pydry 3y ago
    Not true at all. The people who worked on the moon landing famously worked a gargantuan amount of overtime. I have friends who do research - their primary motivation isnt pay. The private sector exploits their passion by paying mediocre wages while the CEOs of these companies rake in millions. This is demotivating to say the least. An efficient system compared to the public sector it is not.
rootw0rm 4y ago
Unless it takes real skill, real knowledge to create the workforce and tooling necessary to produce such a thing. With no IP protection I'm pretty sure that good old-fashioned corporate secrecy would still be quite profitable. If in the case of medicines, instead of having carte-blanche to milk obscene profits for a long time, corpos were just limited to making decent money for a short while....that would probably work out in humanity's interest. Part of the reason medicine is so expensive in the West IMO, is the expense that's been mandated by the insane regulatory capture in the pharma industry.
- mensetmanusman 4y ago
  Too expensive to create a secret environment that only needs one leak to make the entire investment fail.
NopeSlide 4y ago
The 'why' does not matter, real property rights should not be given up for the sake of completely speculative societal gain. Besides, the incentive to create medicine will always existed as long as people get sick, independent of whether you can exercise monopoly, it's not like Ibn Sina's medical manuals came about thanks to any notion of copyright, the dude was literally just rich and bored enough to do it.
smeagull 4y ago
It is logical, just not by a profit seeking enterprise expecting the same sort of returns that current pharma do. I imagine R&D and medicines would be funded by organisations founded by Government, Teaching hospitals, Drug producing companies coming together to share the costs. Would be great to avoid wasted effort as well. The Large Hadron Collider was completed, and yet isn't producing much profit.

If there is no IP protection, it is illogical to invest money in new materials R&D or medicines.

pydry 4y ago

Illogical for the private sector. Publicly funded research is probably more effective anyway though.

mensetmanusman 4y ago
The US tried that post WW2, turns out if you can print money there isn't a lot of incentive to work nights and weekends getting something out the door for government pay.
- smeagull 4y ago
  Damn. Imagine how relieved the inhabitants of Nagasaki and Hiroshima must feel about that.
  - mensetmanusman 3y ago
    Wartime is certainly motivation.
- pydry 3y ago
  Not true at all. The people who worked on the moon landing famously worked a gargantuan amount of overtime. I have friends who do research - their primary motivation isnt pay. The private sector exploits their passion by paying mediocre wages while the CEOs of these companies rake in millions. This is demotivating to say the least. An efficient system compared to the public sector it is not.

rootw0rm 4y ago

Unless it takes real skill, real knowledge to create the workforce and tooling necessary to produce such a thing. With no IP protection I'm pretty sure that good old-fashioned corporate secrecy would still be quite profitable. If in the case of medicines, instead of having carte-blanche to milk obscene profits for a long time, corpos were just limited to making decent money for a short while....that would probably work out in humanity's interest. Part of the reason medicine is so expensive in the West IMO, is the expense that's been mandated by the insane regulatory capture in the pharma industry.

mensetmanusman 4y ago
Too expensive to create a secret environment that only needs one leak to make the entire investment fail.

NopeSlide 4y ago

The 'why' does not matter, real property rights should not be given up for the sake of completely speculative societal gain. Besides, the incentive to create medicine will always existed as long as people get sick, independent of whether you can exercise monopoly, it's not like Ibn Sina's medical manuals came about thanks to any notion of copyright, the dude was literally just rich and bored enough to do it.

smeagull 4y ago

It is logical, just not by a profit seeking enterprise expecting the same sort of returns that current pharma do. I imagine R&D and medicines would be funded by organisations founded by Government, Teaching hospitals, Drug producing companies coming together to share the costs. Would be great to avoid wasted effort as well. The Large Hadron Collider was completed, and yet isn't producing much profit.