≡ Menu

Austrian Economics Center and Hayek Institut Support IP Socialism and 2026 World IP Day Coalition

[Cross-posted at PFS Blog]

Someone forwarded to me the email below from one Martin Gundinger of the Austrian Economics Center to one Britt Schier of the Friedrich A. v. Hayek Institute urging support of World IP Day. Both organizations are headquartered in Vienna; Barbara Kolm is Founding Director of the former and President of the latter, and is heralded as being “renowned for promoting free market policies.” (She is also co-founder of the Javier Milei Institut für Deregulierung in Europa (Javier Milei Institute for Deregulation in Europe), and also Vice-President of the Central Bank of Austria (Oesterreichische Nationalbank) from 2018 to 2023.

Institutes that are supposed to promote free market policies should not be promoting IP socialism! I guess we should not be surprised—Hayek was wobbly on IP1 and on libertarian and free market property rights principles in general.2

The letter is purportedly forwarded from the Austrian Economics Center to the Hayek Institute, but these groups are obviously closely connected (in fact, they share a Twitter profile!) and are going along with the ruse that they are independent and both in support of IP as cover for and excuse to help gin up support for the annual WIPO promotion of IP. To make it appear there is actually independent support from free market groups. To help foster the illusion, the lie, that IP is just another (and important!) form of property rights, a natural part of capitalism and free markets.3 In actuality, the letter was prepared by the dishonestly-named Property Rights Alliance, an IP lobbying shill outfit that never saw an IP law it didn’t like. Naturally, it favors socialist WIPO’s absurd and evil—and totally unlibertarian, anti-free market4 —World IP Day. See, e.g., its most recent International Property Rights Index 2025; Available Now! 2025 International Property Rights Index.

The purpose of many of these “freedom indexes” has been to shill for IP by including IP rights in the various empirical measures of economic freedom in various countries; see Economic Freedom of the World Rankings and Intellectual Property: The United States’ Bad Ranking is Even Worse Than Reported. For example, in the Property Rights Alliance‘s 2025 International Property Rights Index  (see, on the downloads page, the Executive Summary (PDF) and Full Report (PDF)):

The index assesses the strength of institutions and the effectiveness of governments in safeguarding both physical and intellectual property rights. The IPRI is organized into three core components.

This is this disgusting group’s normal modus operandi: they send out a draft email ahead of WIPO’s annual World Intellectual Property Day:

In 2000, WIPO’s member states designated April 26 – the day on which the WIPO Convention came into force in 1970 – as World Intellectual Property Day with the aim of increasing the general understanding of intellectual property (IP).

World IP Day offers a unique opportunity to join with others around the world to consider how a balanced IP system helps the global arts scene to flourish and enables the technological innovation that drives human progress. The campaign highlights the role IP rights, such as patentstrademarksindustrial designs and copyright, play in encouraging and rewarding innovation and creativity while ensuring that researchers, inventors, businesses, designers, artists, and society benefit from it.

See, for example, the 2025 letter mentioned on their page for World Intellectual Property Day 2025. The current letter being circulated to drum up support for World IP Day and IP socialism is below. Shame on these allegedly free market institutes for supporting IP socialism—as well as others like the Independent Institute and others in the links below5 — even Hayek, as illiberal and confused and bad as he was, even he was at least somewhat hesitant about IP and would not have endorsed this evil World IP Day.6

Related resources:

***

DRAFT LETTER FROM AUSTRIAN ECONOMICS CENTER TO THE HAYEK INSTITUTE

From: Martin Gundinger <m.gundinger@austriancenter.com>
Date: Thursday, April 9, 2026 at 8:06 AM
To: Britt Schier <britt.schier@hayek-institut.at>
Subject: Signature requested: 2026 World IP Day Coalition Letter

Dear FMRS Partners,

Please review the attached global coalition letter celebrating World IP Day and highlighting the importance of protecting intellectual property rights. To add your organization’s support to this initiative, please use the link provided in the attached document to sign the form by April 15th. Thank you!

Property Rights Alliance invites you to celebrate World Intellectual Property Rights Day on April 26th. This year’s theme is “IP and Sports: Ready, Set, Innovate.”

PRA is collecting signatures for a global coalition letter addressed to WIPO Director General Daren Tang, highlighting the benefits of protecting intellectual property.

Please find the updated 2026 World IP Day Letter below. 

To sign, please click here and fill out the form by April 15th:

Please help us to collect signatures among your trusted network of organizations

Official link of the WIPO’s World IP Day: https://www.wipo.int/ip-outreach/en/ipday/
Thank you for your support,

Lorenzo Montanari

2026 WIPO World Intellectual Property Day

We are pleased to celebrate World Intellectual Property Day 2026 alongside WIPO. This year’s theme, “IP and Sports: Ready, Set, Innovate,” demonstrates how IP rights empower athletes, owners, and fans around the world, reflecting the role intellectual property rights play in pushing the boundaries and fostering innovation in the sporting industry and beyond. Sports exemplify how IP rights can protect and encourage innovative industries around the world.

Intellectual property rights lay the groundwork necessary for promoting ingenuity, economic development, and culture. They protect creative ideas and innovations, such as artistic works, inventions, and symbols, ensuring that creators and businesses can be rewarded for their work. Unfortunately, there are a few activists and politicians who believe that IP is a harmful, that it limits innovation to favor the well-connected. Nothing could be further from the truth. IPRs are a crucial component of the marketplace and incentivizes all people to share their knowledge and work on their own terms.

A global system centered on the protection of property rights, including intellectual property, is essential to sustaining a free, innovative, and prosperous economy. This is why the World Intellectual Property Organization (WIPO) plays a critical role in enabling global IP protection. WIPO provides services that safeguard ideas and serves as an international forum for addressing emerging IP challenges. By supporting creators and equipping policymakers with rigorous data and analysis, WIPO helps ensure that intellectual property benefits people everywhere.

Initiatives such as the International Property Rights Index (IPRI) further demonstrate the strong correlation between secure property rights a dynamic, prosperous economy. By protecting intellectual property, we empower creators, fuel innovation, and lay the foundation for sustained global prosperity.

Intellectual Property Protection by the Numbers

The 2025 International Property Rights Index reveals that the 126 countries included in the index represent 93% of the world’s population and account for 98% of global GDP.[1] Notably, the average per capita income disparity between the top and bottom quintile countries in the index is 21 times. This demonstrates the relationship between strong intellectual property rights and household income, reflecting the importance of maintaining these rights globally. The IPRI also exhibits a strong correlation with the Global Social Progress Index (0.90) and with the Global Entrepreneurship Index (0.88), demonstrating how property rights drive free enterprise and human development. Lastly, the IPRI displays a very strong correlation with the AI Preparedness Index (0.93) and the Global Knowledge Index (0.92), emphasizing how essential intellectual property rights are for a forward-looking society. The importance of IP rights cannot be understated, as it lays the foundations for a society that values personal liberties and incentivizes innovation.

IP’s Importance in the Global Economy 

Intellectual property is a cornerstone of free enterprise, fostering an environment that promotes innovation, economic growth, and individual liberty. By enabling innovators and creators to protect their ideas and investments, strong IP rights empower individuals and firms to invest, collaborate, and bring new technologies to the market. The societal benefits of robust IP protection are substantial and well-documented. The IPRI shows a clear correlation between strong IP frameworks and greater access to cutting-edge innovations in healthcare and technology, expanded economic opportunities, and more resilient labor markets.

In the United States, IP-intensive industries support approximately 62.5 million jobs and contribute $7.8 trillion to the economy, according to the U.S. Patent and Trademark Office.[2] Workers in these sectors often earn higher wages, experience greater job stability, and benefit from specialized training and skill development.

Intellectual property is also central to modern corporate value. The President’s Economic Report to Congress estimates that intellectual property accounts for roughly 70% of the value of publicly listed corporations, underscoring how deeply innovation is embedded in today’s economy.[3] This reliance on IP demonstrates its critical importance to businesses, workers, and consumers alike. A robust global IP protection is essential to fostering innovation and promoting long-term prosperity worldwide.

Intellectual Property’s Role in Saving Lives

In the healthcare field IP has fostered innovations that have saved lives and enabled affordable medicines. Over the last 25 years, innovators have delivered over 750 new medicines that treat illnesses such as heart disease, cancer, and rarer diseases, which have greatly extended life expectancy and improved quality of life.[4] Strong IP protections have been vital in fueling this industry and will continue to promote the over 8,000 medicines currently in development. Countries that lead in this research, to no surprise, have the strongest IP protections. In turn, these countries also have access to the newest medicines, U.S., which tops the IPRI list, has access to 85% of globally approved new medicines

Additionally, a well-designed intellectual property system promotes competition and attracts both domestic and international investment, enabling firms to scale production, improve efficiency, and reduce costs over time. These dynamics help expand the availability of advanced medical technologies and treatments at more affordable prices. Strong IP protections also facilitate the transfer of technology from multinational firms to local innovators, strengthening healthcare infrastructure in developing countries and ensuring that new medical solutions meet high standards of quality and safety. By balancing incentives for innovation with long-term affordability, a secure IP framework supports sustainable advancements in healthcare, expands access to life-saving technologies, and drives economic growth within the biopharmaceutical and the broader medical sector.

Conclusion

On World Intellectual Property Day 2026, we reaffirm the essential role of intellectual property in advancing innovation, economic growth, and cultural vitality worldwide. Across sectors from sports and the creative industries to biopharmaceuticals and emerging technologies, strong IP frameworks enable creators and businesses to invest, collaborate, and deliver innovations that improve lives and connect societies. Intellectual property protections are not merely economic tools; they are foundational to sustainable development, expanded access to life-saving technologies and products, and the preservation of individual liberty and free enterprise. As global innovation accelerates, continued international cooperation remains vital to ensuring that IP systems remain balanced, effective, and inclusive. By safeguarding intellectual property, we empower creators, strengthen economies, and help build a future defined by progress, creativity, and shared prosperity.

[1] https://internationalpropertyrightsindex.org

[2] https://www.uspto.gov/ip-policy/economic-research/intellectual-property-and-us-economy#:~:text=On September 26%2C 2016%2C the,and radio and television broadcasting.

[3] https://crigroup.com/intellectual-property-what-do-the-statistics-indicate/

[4] https://phrma.org/policy-issues/intellectual-property

To sign, please click here and fill out the form by April 15th:
Property Rights Alliance | 722 12th Street, NW 4th Floor | Washington, DC 20005 US
  1. Hayek’s Views on Intellectual Property; Tucker, “Misesian vs. Marxian vs. IP Views of Innovation“; Tucker, “Hayek on Patents and Copyrights“; Salerno, Hayek Contra Copyright Laws. []
  2. Hoppe on Hayek; Hoppe, “The Hayek Myth” (PFS 2012); Hoppe, F.A. Hayek on Government and Social Evolution: A Critique, in The Great Fiction); Hoppe, Murray N. Rothbard and the Ethics of Liberty; Hoppe, Why Mises (and not Hayek)?; Block, “Hayek’s Road to Serfdom” []
  3. Classifying Patent and Copyright Law as “Property”: So What?The Structural Unity of Real and Intellectual PropertyThe “Ontology” Mistake of Libertarian CreationistsObjectivists: “All Property is Intellectual Property”A Recurring Fallacy: “IP is a Purer Form of Property than Material Resources”; Kinsella, “Against Intellectual Property After Twenty Years: Looking Back and Looking Forward,” in Legal Foundations of a Free Society (Houston, Texas: Papinian Press, 2023), Part IV.I. In particular, references in notes 75-76 et pass.; KOL229 | Ernie Hancock Show: IP Debate with Alan Korwin: “Korwin’s Defense and Departure (49:59–1:17:42) … Korwin doubles down, arguing that copyright is a natural right, more real than physical property because it’s a unique creation.”; Richard Epstein on “The Structural Unity of Real and Intellectual Property” (Mises 2006). []
  4. Intellectual Property Advocates Hate Competition.” []
  5. See Independent Institute on the “Benefits” of Intellectual Property Protection and others in resoures listed in the post. []
  6.  Hayek’s Views on Intellectual Property; Tucker, “Misesian vs. Marxian vs. IP Views of Innovation“; Tucker, “Hayek on Patents and Copyrights“; Salerno, Hayek Contra Copyright Laws. []
Share
{ 0 comments… add one }

Leave a Comment