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by tremon
1592 days ago
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Similarly, free markets are markets that have sufficient safeguards to keep the market free, not markets that are free from legislation. From the oracle[0]: In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities From this simple snippet, we can conclude three things: - government and other authorities are only limited to not interfere with supply and demand; enforcing product standards does not make a market non-free - good anti-monopoly legislation is an example of the government working towards the free market, not against it - Anything involving copyright and patents is by definition not a free market [0] https://en.wikipedia.org/wiki/Free_market |
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Essentially IP protection is encouraging creation and innovation by preventing someone who didn’t do the work from simply stealing it and profiting without paying the creator. This is certainly over-simplified, but one way of viewing IP protections is that it’s trying to balance multiple freedoms, and that a free market with no regulation at all is not actually free for everyone. Having no protections on product standards is a loss of freedom for consumers. Having no protections on intellectual property is a loss of freedom for creators (and, the thinking goes, would be a net drain on the economy).
Here are some hastily googled arguments in favor of viewing IP protection as part of a free market:
https://www.aei.org/technology-and-innovation/intellectual-p...
https://cip2.gmu.edu/2013/11/14/copyright-is-still-essential...