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This is gold: https://www.intellectualventures.com/who-we-are/meet-iv/ https://www.intellectualventures.com/who-we-are/meet-iv/ “I really like the fundamentals

by Thaxll 2y ago

This is gold: https://www.intellectualventures.com/who-we-are/meet-iv/ https://www.intellectualventures.com/who-we-are/meet-iv/ “I really like the fundamentals behind patent law,” says Michelle Macartney, director, IP attorney for Intellectual Ventures (IV). “It’s a fascinating area of law, this fine balance between fostering innovation and not going too far in granting monopolies.”

mjhay 2y ago
> “I really like the fundamentals behind patent law,” I bet she does. Rent seekers usually win in policy fights, because they usually have the surplus, incentive, and narrow policy focus to put more into maintaining and expanding their rent than the counterparties who suffer. It's a huge drag on the economy and makes almost everyone's lives worse, and a select few's lives very slightly better.