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this post was submitted on 23 Oct 2024
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The free market is going very well here
This is 100% capitalism. It's not free market to have a goverment-enforced monopoly.
This is textbook late stage free market ideals at work. This is how the free market always ends.
X - ~~The system is broken.~~
✅ - The system is working exactly as intended and must be destroyed.
When did it start?
You are correct. There would be no copyrights or patents in a free market.
Yeah, the huge companies would dominate over small companies even more than they already do.
Copyrights and patents are literally government enforced monopolies for huge companies. Without them, there would be a lot more competition.
Really? Calling it a government enforced monopoly seems very disingenuous.
Good luck trying to make a movie without Disney stealing it or making an invention with really effective solar panels or something without the biggest companies stealing it and bankrupt the original creator.
Copyright and patents protect everyone involved in creation and while there are a LOT of problems with the systems. Removing it entirely seems like the biggest overcorrection possible.
Or trade secrets. "Perfect information" is a bitch. Not to speak of "perfectly rational actors": Say goodbye to advertisement, too, we'd have to outlaw basically all of it.
Trade secrets don't need to be enforced much by law. You can create an ad hoc trade secret regime by simply keeping your secret between a few key employees. As it happens, there are some laws that go beyond that to help companies keep the secret, but that only extends something that could happen naturally.
Are you telling me that the axioms behind the simplistic model are wrong??
shocked-pikachu.jpgTo be fair, we absolutely should outlaw at least 99% of all currently practiced forms of advertising and make it so that new forms of advertising have to be whitelisted by a panel of psychiatrists, sociologists, environmentalists and urban planners before they're allowed.
What's government enforced about it? Is ARM the only allowed chip designer for cellphones?
Copyrights and patents
That's not a government enforced monopoly. A government enforced monopoly means nobody else is allowed in the market. Like utility companies.
Lots of Utilities are consumer cooperatives which is funnily enough Socialist, but the people working there wouldn't like to hear that.