Why repeal intellectual property laws?

Intellectual property laws generate excessive, monopoly profits and “royalties” to the holders of politically-privileged patents, licenses, and copyrighted materials, to the detriment of consumers.

A recent example of this phenomenon occurred when consumers experienced a shortage of N95 masks, and intellectual property laws interfered with attempts to fill the need.

Two chapters of Ken Schoolland’s book The Adventures of Jonathan Gullible: A Free Market Odyssey illustrate the problem, and suggest a solution.

Chapter 2 – Troublemakers
Chapter 31 – Whose Brilliant Idea?

For a more in-depth case against intellectual property laws, see Against Intellectual Monopoly, by Michele Boldrin and David K. Levine.

And visit the blog Against Monopoly.

%d bloggers like this: