Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.”
X’s current owner Elon Musk quickly replied, “I agree.”
That would just ensure that no one ever commits resources to developing something new…
It’ll affect it, but it won’t stop it. This is a good question to bring up though.
I design medical devices. IP is incredibly important in this process to protect our R&D investment in the current system. If IP didn’t exist, we’d protect that through other means like obfuscation of function.
Also if IP didn’t exist, I could design devices that are so much better at healing people. So much of what I do is restricted because someone else has 30 years left on what they patented.
R&D is expensive. Just because you see what someone else did, doesn’t mean you can easily replicate it.
In short: if your goal is pure profit, yeah removing IP probably hurts this a little. If your goal is producing the best product, then get rid of it.
I think the best solution would be a much shorter exclusionary period for patents.
If they didn’t patent it, that technology never would have existed in the first place for you to steal from.
100% agreed on that account.
“A little”? If there’s no IP you just pay a janitor or an employee a million bucks to send you all the information and documentation and you manufacture the product yourself and undercut the company actually engineering the product so they can never be profitable.
Like, this all seems very obvious to me…
Oh gee, a wildly incorrect assumption
Oh gee, a rational contradiction supported with evidence.