Joseph Stiglitz: The Economic Foundations of Intellectual Property

[themagus187]

As usual, Stiglitz is confused, gets close to the right answer, but hopelessly misses the mark. The solution is not as he proposes, to use the government to license increased use of information, rather than restrict the use under the current system. The solution is to get the government completely out of "intellectual property" because it's a complete mental delusion that undermines physical property rights.

[themagus187]

Wow, Stiglitz is basically right about something for once... One point awarded to Stiglitz... That's like 5000 negative points, and 1 positive point so far.

[devourerofbabies]

@themagus187 Right. And of course, you're qualified to judge when Stiglitz is right and wrong because you've read Atlas Shrugged and a couple paragraphs on "economics" on a libertarian website so that makes you, like, really really smart and stuff.

[mariajulia85]

¡Hola!

¿Podría alguien subtitular este video en español?

¡GRACIAS!

Hi!

Could someone add subtitles in Spanish into this video?

THANKS!

[BrettDunbar]

What the FUCK does intellectual property have to do with capitalism?

Nothing.

watch?v=cWShFz4d2RY

[tmcthree]

@BrettDunbar They are two things which prove to me you're an idiot.

First, you didn't watch the above video before you made this comment, and second you brought the pile of crap in the video you referenced to.

From where does the authority of the homesteader fiction come?

[dhabhawalla]

very sublime in his disappointment .... his most conservative critique of intellectual property is profoundly lazy, exactingly boring and pedestrain .... and quite simply irritating in his presumptious attempts at jokes about his book being copied or stolen in China ..... but then ... wasn't he at both the world bank and the US government .... so the meek critique is quite understandable

[Elizabethczar]

I just changed professional:I was furniture,designer in Europe: (all of as,even the best)10 years in profession earn close to nothing. I did 7 years hard study(plus talent) hundreds of projects, a couple years of experience a lot of design put in to production.......AND?? mine salary and patents payments close to nothing.... (others in similar situation) Now I work as trader in London City,earn small fortune.....

[dumky]

"... He is almost quite-good on many of his comments on the patent system, despite his utilitarianism and his managerial-statism. [...] He doesn’t consider the glaringly obvious 4th choice: free competition and property rights. But he is good in admitting the problems with assumptions behind the current patent system."

From blog.mises.org/15059/stiglitz-­the-economic-foundations-of-in­tellectual-property/

[FUCKyourGODmyth]

Imagine if our ancestors had tried to patent language.

capitalism = #FAIL

[briano8713]

@FUCKyourGODmyth

Most consistent advocates of "free markets" oppose intellectual property in all its forms, seeing it as undermining competition, property rights, economic innovation and liberty. But of course if you mean capitalism as the neo-mercantile society in which we live, then yes, fail.

[LogicalFlawDetector]

@briano8713

Intellectual property is part of property rights. And no: no free market libertarian opposes intellectual property.

[briano8713]

@LogicalFlawDetector

IP is a state-granted monopoly acting (in theory) as a subsidy to innovation. The administered prices IP dependent firms charge represent a de facto tax. Your statement that "no free market libertarians oppose IP" is not only irrelevant, but factually incorrect - grossly. See Rothbard, Kinsella, Carson... While arguably nested private contracts may come to resemble de jure copyright, how can restrictions on 3rd parties' use of abstract non-scarce concepts be "libertarian"?

[selfrealizedexile]

You can't homestead thoughts. Intellectual property is a way of excluding others from thinking or doing anything that might be related to what is given a gov't-enforced monopoly. Actual property, like my television set or my computer, is a means of allocating scarce resources. Copyrights and patents are nothing but monopolized production related to ideas. If we took its premise to its logical conclusion, capitalism would grind to a halt as all improvements are nothing but competitive emulation.

[bluntzondamoon]

and here is the man who could have saved us from ourselves....... maybe next time we'll listen........................­... conservative = death

[sexdrugsRnR]

@bluntzondamoon yes, its our fault.

[erikmongolia]

stiglitz starts at 5:00