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[News] End of the Road for Intellectual Monopolies?

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Is the 15 Year US IP Trade Obsession Over?[->]

,----[ Quote ]
| "As the news about ACTA gets nastier and publishers push to recapture 
| publically funded research, there's some fresh air from former USPTO 
| Commissioner, Bruce Lehman regarding "intellectual property" and US trade 
| policy:   
|     [During Lehman's tenure at the USPTO] TRIPs Agreement was finalised, the 
|     DMCA passed into law and WIPOs two copyright treaties were developed. 
|     Lehman said that there was a widespread perception among Democrats that 
|     the US lowered its trade barriers in 1994 in the expectation that it 
|     would be able to switch to exporting high-tech products but, because IP 
|     protection remains poor in many countries, it hasnt been able to do 
|     this. "The bargain we thought we made in 1994 hasnt worked out as we 
|     expected," he said [and predicted IP would be sidelined by the Obama 
|     administration].        



Economist Critic of Software Patents gets Nobel Prize

,----[ Quote ]
| The FFII congratulates Eric S. Maskin, an economist who has long criticised
| the patenting of software, for receiving the 2007 Nobel Prize for Economics.
| Prof. Maskin and two colleagues receive the Prize for research into the
| optimal design of economic mechanisms. By applying his theory to the IT
| sector, Maskin demonstrated "that in such a dynamic industry, patent
| protection may reduce overall innovation and welfare."


Intellectual Property Regime Stifles Science and Innovation, Nobel Laureates

,----[ Quote ]
| Patent monopolies are believed to drive innovation but they actually impede
| the pace of science and innovation, Stiglitz said. The current “patent
| thicket,” in which anyone who writes a successful software programme is sued
| for alleged patent infringement, highlights the current IP system’s failure
| to encourage innovation, he said.
| Another problem is that the social returns from innovation do not accord with
| the private returns associated with the patent system, Stiglitz said. The
| marginal benefit from innovation is that an idea may become available sooner
| than it might have. But the person who secures the patent on it wins a
| long-term monopoly, creating a gap between private and social returns.

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