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How intellectual property influences innovation and growth in the economy depends on the application of intellectual property law. No intellectual property (IP) rights would hinder innovation. Complicated application of confusing and overreaching IP rights also hinders innovation. Now I see the USA systems as having overreaching claims of IP rights, IP rights granted for obvious ideas which then are used to extort those actually producing value and overall a system much in need of improvement.
Lawrence Lessig does the best job of presenting the value of improving our application of IP law.
Related: The Patent System Needs to be Significantly Improved - Patent Review Innovation - Is the US Patent System Endangering American Innovation? - Do Intellectual Property Rights Help or Hinder Innovation? by Amy Rowell
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January 5th, 2007 at 11:51 am
[...] An excellent Lawrence Lessig speech on On Free, and the Differences between Culture and Code (video). I think many find it quite difficult to understand the true power behind these ideas. This speech is a version of one we have mentioned before. He is in excellent form. YouTube and Google video are great services, it will be nice when the quality of the video images are improved, which I am sure will happen over time. [...]
January 25th, 2007 at 8:39 am
The discussion does a good job of explaining how factors like web 2.0 and “open source” can allow business to operate in a new way and take advantage of new opportunities…