My reply to this (ridiculous) post, 4 Ways Intellectual Property Drives our Economy:
I am a patent attorney. The patent system (and copyright system) are abominations. They are antithetical to the free market. They should be abolished.
This study is utter nonsense. The study does not prove IP generates any innovation or wealth. It just says that industries that are subject to IP generate wealth. So what? Every industry that generate wealth is subject to regulations, taxes, etc. Might as well say that taxes cause production, which is obvious nonsense. There is innovation and wealth production despite taxes and patent law, not because of it.
See also USPTO/Commerce Dept. Distortions: “IP Contributes $5 Trillion and 40 Million Jobs to Economy”.
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