this post was submitted on 13 Apr 2025
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I hate agreeing with these assholes, but I do in this case. IP/patent law is explicitly designed to stifle competition. At most, it should last a few years (if you agree with the "recoup the cost of innovation" argument). Innovation will be done for the sake of innovation if there's competition though. If your opposition innovates and you don't, you're going to be destroyed. The exception is when they agree to not compete, which is already illegal though not enforced as strongly as it should be.
This is going to be used corporations to take away everything from individuals who are innovating (more than they already are). Nobody will be able to build wealth off a good idea again. Which if we were in a society where wealth wasn't required to live a good life I would be okay with, but we aren't, so I'm not.
Maybe. That's certainly their intent. I could also see it working the other way though. No more patent trolls or companies hoarding good ideas.
The corporations wouldn’t just hold good ideas under this proposal, they would hold every idea.
Someone innovates and makes a good product? Looks like WalMart is going to produce 100,000 units and sell them at 75% of the innovator’s price, pushing him out.
No matter what, under capitalism, money ALWAYS wins.