Actually, patents discourage innovation
Readings: https://www.nytimes.com/2014/04/19/opinion/nocera-greed-and-the-wright-brothers.html?_r=0 http://www.slate.com/articles/technology/future_tense/2013/12/sewing_machine_patent_wars_of_the_1850s_what_they_tell_us_about_the_patent.single.html http://articles.latimes.com/2008/jul/31/local/me-hall31 https://washingtonmonthly.com/magazine/julyaugust-2013/estates-of-mind/ 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 […]