Saturday August 30, 2008
Excessive IP protection causes economic gridlock, says expert
Out-Law
Intellectual property laws which were designed to protect inventors are actually stifling innovation, according to a leading US law academic.
Michael Heller is an academic at Columbia University in New York and told technology law podcast OUT-LAW Radio that intellectual property laws are being used to stop new products and services being made.
"I discovered a paradox in the free market and it is this: usually private ownership creates wealth, but too much ownership has the opposite effect, it creates gridlock," he said. "When too many owners control a single resource – it can be a patent, a copyright, land – when too many people control a single resource, co-operation breaks down and wealth disappears, everybody ends up losing."
read full story
Posted in: by bubblejam at 03:32 AM | Comments (0) | Email This Entry