Good episode of NPR’s Planet Money, Episode 551: The Cast Against Patents, featuring economists Michele Boldrin and David Levine, authors of Against Intellectual Monopoly and The Case Against Patents, and members of the Advisory Board of C4SIF. Embedded below. From the shownotes:
Tesla, the electric car company, recently decided to, basically, give up its patents. Anybody who wants to is now free to steal the company’s ideas.
Elon Musk, the company’s CEO said he isn’t really into patents — and, he said, he thinks giving them up is best for everybody.
On today’s show, we take this idea to its logical conclusion. We talk to two guys who say we should get rid of patents altogether. If someone has an idea, anyone else is free to steal it.