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Industry-specific concerns like that could easily be addressed privately by trade associations that have incentive to prevent the sort of mutually assured destr
by bcg1 12y ago
Industry-specific concerns like that could easily be addressed privately by trade associations that have incentive to prevent the sort of mutually assured destruction that you describe.
- rhino369 12y agoYou mean by creating an agreement to not compete? That is illegal. It effects all industries that have R&D, those are just good examples.
- deleted 12y ago[deleted]
- Karunamon 12y agoWe're discussing overhauls to the legal system - the fact that it's illegal now doesn't enter into it.
- rhino369 12y agoI'll put it another way, it would be stupid to let entire industries write their own non-competition agreements. That is monopolist behavior. Unless the repeal of the Patent Act coincides with the repeal of the Sherman Act, it would be illegal still.