Actually, patents discourage innovation

Readings: Capitalism is an economic system where the owner of capital is entitled to all profits derived from its use. We don’t often think of ideas as capital, but ideas become capital in the form of patents. Capitalists argue that patents are absolutely necessary. Without the ability to profit off of […]

Intellectual property and the arts

At the January 28 general meeting, we discussed issues of intellectual property and the arts. Articles: The Comics Journal, Who owns the Man of Steel? Priceonomics, How Mickey Mouse Evades the Public Domain   Summary: Under capitalism, people can own capital, or things that can be used to make money. Often, the role of intellectual […]