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Old 07-03-2012, 11:47 PM   #29
BWinmill
Nameless Being
 
Quote:
Originally Posted by Edward M. Grant View Post
A free market doesn't have patents, trademarks and copyrights.
Actually, the free market is a bit of a contradiction in this respect. You are right: a free market doesn't have artificial restrictions like patents, copyrights, or trademarks. On the other hand, the free market also depends upon property rights. Patents, copyrights, and trademarks are exactly that -- property rights. Unfortunately, this contradiction is going to become more and more acute as these intellectual properties (and yes, I hate that term) become less and less entangled with their physical counterparts.
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