same extent as the monopoly created by IP rights. Indeed, the incentive of protected profits and market power - as opposed to a survival of the fittest competition incentive - seeks to reward innovation. This is essential in almost all industries because it enables significant amounts of research and development spending, without endangering profits. Therefore, in my
opinion, intellectual property rights are necessary evils which foster our progress. Whilst the monopoly incentive contains elements of ÂevilÊ in that it creates inefficiencies and barriers to entry, it is definitely necessary in order to promote innovation, encourage creativity, and foster progress in our society.
Bibliography
ÂGlobal Intellectual Property Center.Ê Global Intellectual Property Center . 28 Dec. 2009. 25 July 2013.
ÂIntellectual Property.Ê Wikipedia . Wikimedia Foundation, 29 July 2013. 25 July 2013.
ÂIntellectual Property Rights Debate.Ê YouTube . YouTube, 15 June 2009. 05 Aug. 2013.
ÂJames Wilson.Ê James Wilson . 1 Aug. 2013.
Kidwell, Jim. ÂAn Interview with Intellectual Property Law Expert Frank Martinez | Manage This.Ê Extensis .. 05 Aug. 2013.
Koepsell, David. ÂIntellectual Property Ethics: Arguments Against.Ê HXA . 29 July 2013.
Long, Roderick T. ÂThe Libertarian Case Against Intellectual Property Rights.Ê The Libertarian Case Against Intellectual Property Rights .. 28 July. 2013.
The Ethical Case Against Intellectual Property . Perf. David Koepsell. The Ethical Case Against Intellectual Property . 1 Aug 2013.
ÂThe 2011 Intellectual Property Survey Report.Ê The 2011 Intellectual Property Survey Report .. 05 Aug. 2013.
ÂWhat Are Intellectual Property Rights.Ê WTO . World Trade Organization, 2013. 25 July 2013.
120
Made with FlippingBook - Online Brochure Maker