In the hundreds of emails I’ve received over the issue of intellectual property, the number one most common objection to doing without goes like this. We can’t subject the matters to free market competition. Some innovations are too easy to copy. Just one look or listen and the producer’s idea is taken from. Then another company that had nothing to do with bearing the costs of innovation will be able to reap the rewards. We have to have a period of monopoly if only to inspire people to innovate and bring things to market. Now, consider first what a central-planning … Continue reading Another ‘Market Failure’ Argument