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I 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

I 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 ago
I 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 ago
  I 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 ago
      What about it? There's no reason it couldn't be publicly funded.
      - ethbr1 2y ago
        It 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.
        ethbr1 2y ago
        You're reading a lot that I didn't write into what I did write. Do you think a government-administrated drug development program would be more efficient than private industry?

light_hue_1 2y ago

I 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 ago
I 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 ago
    What about it? There's no reason it couldn't be publicly funded.
    - ethbr1 2y ago
      It 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.
        ethbr1 2y ago
        You're reading a lot that I didn't write into what I did write. Do you think a government-administrated drug development program would be more efficient than private industry?