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One of many policies that is detrimental. One thing that does not seem to be on tech's radar at the moment is what it could mean if Trump withholds US funding f
by johntfella 2y ago
One of many policies that is detrimental. One thing that does not seem to be on tech's radar at the moment is what it could mean if Trump withholds US funding from WTO (https://borderlex.net/2025/03/27/alarm-bells-in-geneva-as-us-withholds-wto-funding/ https://borderlex.net/2025/03/27/alarm-bells-in-geneva-as-us...) and it's implications per TRIPs: https://news.ycombinator.com/item?id=43490291 https://news.ycombinator.com/item?id=43490291
- light_hue_1 2y agoYes! I can't understand why the media isn't talking about TRIPS and all of the other IP protections that the US baked into other the trade agreements. This is the only thing that matters. If the US is going to break these agreements, other countries will decide that our IP is not worth protecting. All they need to do is revert to the laws they had before TRIPS and free trade with the US. It's not just the tech industry. It's movies. It's pharma. It's biotech. This will economically ruin us.
- facile3232 2y agoI personally think IP hobbles our economy by reducing competition. What's the argument in favor? American companies certainly rely on it to avoid meeting market demand. As a result, our lives are shittier and we pay more for the insult. Why would chinese (or russian, or nigerian, or venezuelan) companies not treat us better? Why are we supposed to overlook the obvious incompetence of domestic corporations when they don't want to even fund my healthcare? I say these companies would be better off burnt down.
- light_hue_1 2y agoI want an economy. Without IP there is no biotech. There is no drug development. There is no games industry, movies, etc. I would agree that IP protections have gotten out of hand, and that shorter copyright would be beneficial. But it's not beneficial when some country will decide that our drug patents are worthless because we attacked them with tariffs.
- facile3232 2y ago[flagged]
- sunflowerfly 2y agoI disagree on drug development. It is important enough we could simply pay for the research. We pay for a lot of it with taxpayer money already while the gains are privatized. The other areas are not critical to our lives and, while there is room for improvement, current IP practices are ok.
- ethbr1 2y ago> could simply pay for the research And the Phase X safety and efficacy trials, which comprise the bulk of pharma development costs?
- thfuran 2y agoWhat about it? There's no reason it couldn't be publicly funded.
- ethbr1 2y agoIt could be... but do you really want a massive amount of public funds thrown at low-probability of success endeavors, guided by government efficiency? Say what you want about the downsides to the current pharma development model, but those companies are highly incentivized to be as efficient with their pipeline spend as they can. And they're pretty damn good at it. In contrast, if you use government-selected allocation, you'd turn pharma development into military procurement. The more reasonable approach would be to enter cost-sharing agreements, where the government paid for a share of critical stages, in return for getting certain rights if the drugs were successful.
- thfuran 2y ago"Government efficiency" isn't the slur you seem to think. Many parts of the government are administered quite efficiently. And many large companies are not.
- someNameIG 2y agoI've heard a few say that's what we should do here in Australia in response to tariffs. The US has now broken the free trade agreement between out two nations, se we should roll pack IP laws that were only brought in on US request to sign the trade agreement.