Quote (thundercock @ Jul 21 2020 05:25pm)
Um, I think it really depends. If a company poured in tens of millions of dollars to come up with something innovative, that effort should be rewarded and protected. Now, we can talk about appropriate levels of markup, but that's very very different than IP theft...
Kinda depends. I don't think most innovation is actually dependent on IP protection. It takes a lot of time to genuinely innovate that can't be replicated over night.
My default is CPUs. Let's say IP laws were revoked and somebody wanted to start selling a rip off of Intel's processors. That would require they basically start from scratch developing the manufacturing process for 22nm transitors, invest the money to start production, and if they didn't make the product high quality people would still buy mostly Intel since reliability is key to most people. It wouldn't be an over-night job to just start manufacturing true technological innovation. Let's say it takes them two years to do so, that just means Intel has 2 years of an effective monopoly and they have to innovate again in that time frame to ensure they keep the lead, and in between that time process improvements would still incentivize people to buy Intel since they can squeeze out an extra few hundred MHz because they've been doing it for an extra year or two and have made great improvements on the technique.
Medicine is probably the most tricky area though, since getting a medication approved requires years of rigorous trials and once they are done they are done. There is very little problem to just manufacture an organic molecule and purify it compared to the difficulty of running a clinical trial with 500 patients. In that case, yeah, probably best to have IP laws when the disconnect between research and manufacturing is so drastic.
This post was edited by Thor123422 on Jul 21 2020 05:30pm