TIIP: Patents & Financial Meltdown
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Started by: zoobabzoobab
Date: 27 Sep 2008 19:47
Number of posts: 1
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Property rights have the potential to be strong institutions promoting economic growth. But, as these examples show, if the rights are not well-designed and well-implemented, they can be perverted from this goal. Brian Kahin draws the parallel between the financial/real-estate “bubble” with the still-expanding “bubble” in patents. As Brian suggests, combine that bubble with a Ponzi scheme (Intellectual Ventures) and you might have a real perversion.
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