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by onan_barbarian
5458 days ago
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Suppose I am a first mover, considering making the very first heart monitor, ever. Suppose that doing the research for this is going to cost me a huge pile of money. Suppose further that I know that all of the innovation in my product will be cloned by a competitor 6 months after I ship, who after I have established a design, market and framework for this wonderful innovation, will give away the product for free. That's got to be good for society, right? I'm sure I'll just go do all that research anyway, because I'm a nice guy. And I certainly won't go off and patent the holy living shit out of each and every aspect of the monitor or anything nasty like that, because that would be bad, and we've already established that cloning products has to be an unalloyed benefit for innovation. Because it's, like, free or open or something. |
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http://mises.org/books/against.pdf
http://levine.sscnet.ucla.edu/general/intellectual/against.h...