(THIS ARTICLE IS ONLY MACHINE TRANSLATED by Google from Norwegian)
"Today's laws on copyright and patents create an intellectual monopoly more than they secure intellectual property," Brink Lindsey and Steven Teles write in their recent book on the US economy. The concern that "overprotection" of intellectual property should be an obstacle to innovation and dissemination is not new. But it has become more prominent now that knowledge stands out as a competitive advantage and a dominant driver of economic activity.
Digital technology has made the emergence of an "intangible economy" possible, based on soft assets such as algorithms and code strings, rather than physical assets such as buildings and machines. Under such conditions, intellectual property rules can create – or destroy – business models and transform societies by deciding how financial benefits are distributed.
But the main elements of the current IP regime were established for a completely different economy. Patent rules, for example, reflect the tenacious assumption that strong protection provides an important incentive for companies to continue. . .
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