this post was submitted on 02 Dec 2023
651 points (92.7% liked)
Technology
60131 readers
3062 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Some people argue that intellectual property law is not free market capitalism, and is instead a regulation that benefits big business. I'm one of those people
Free market and capitalism are mutually exclusive as in the theoretical model that is the free market, with perfectly rational actors and information, a capitalist class cannot exist, they'd quickly get competed down to size.
Unregulated markets and capitalism, now that's a lovechild, as without regulation real-world markets quickly turn into monopolistic shark-tanks instead of free markets, actors not being rational, information not being perfect and all. The role of regulation, indeed the state, is to correct for that factor and make the real-world market approximate the free market.
(This view of the world brought to you by ordoliberalism, the only sane liberal economic theory there ever was or probably will be -- because they actually managed to side with the free market, and not capitalism, as the rest of them).
While I'd agree in essence, in practice I don't. They're an offshoot of capitalism. The goal of capitalism is profit, and if you can create barriers to competition, that protects your profit. IP law is something created out of capitalism as a barrier. If it isn't the government doing it, it'd be goons hired by those in power. They exist because of capitalism, not from something external to it. If the system were focused on doing good or creating utility, IP law wouldn't be required.