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this post was submitted on 21 May 2024
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Technology
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I think abolishing intellectual property would hurt capitalism more than it would benefit it. Already it is strongly in favor of the rich and the big corporations. Getting rid of those limitations even without abolishing capitalism first, would, I think, be more to everyone's benefit than detriment.
Disagree, without IP laws whoever has the most money can crush all competition. An example of this is how the first pump hand soap softsoap couldn't patent the hand pump design because it already existed so they just bought all the existing stock to prevent anyone from releasing a competing product.
If you get rid of IP laws you'll just further entrench the existing winners.
Write a good book? Without copyright, Penguin random house publishes an exact copy at a higher quality and sells a million copies while you sell a handful to discerning fans.
Build a quality product? Without trademark, proctor and gamble flood the market using your brand name and nobody can distinguish their products from yours even though their quality is much worse.
Invent something revolutionary? Without patents you have to keep your process a secret so you don't get copied. If you get hit by a bus your invention is now lost to society forever unless someone manages to reverse-engineee it.