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Source link: http://archive.mises.org/12701/gibberish-all-gibberish/

Gibberish, All Gibberish!

May 12, 2010 by

Later this month the Federal Trade Commission, the Department of Justice, and the U.S. Patent and Trademark Office will hold a “joint public workshop on the intersection of patent policy and competition policy and its implications for promoting innovation.” This quote from FTC Chairman Jon Leibowitz is a real head-scratcher:

Since innovation is the only sustainable source of America’s competitive advantage, the relationship between intellectual property, which captures the value of innovation, and competition policy, which maintains a dynamic marketplace for innovation, is of paramount importance.

As one person remarked to me, “Faulty premise, faulty conclusion.”

{ 2 comments }

Old Mexican May 12, 2010 at 5:31 pm

Since innovation is the only sustainable source of America’s competitive advantage, the relationship between intellectual property, which captures the value of innovation, and competition policy, which maintains a dynamic marketplace for innovation, is of paramount importance.

How can there be a “competition policy”? How can something that is SPONTANEOUS in nature stem from a “policy”, which is rigid and normative?

Jason Gordon May 12, 2010 at 5:52 pm

Since innovation [freedom] is the only sustainable source of America’s competitive advantage, the relationship between intellectual property, which captures the value of innovation, and competition policy, [and that] which maintains a dynamic marketplace for innovation, [freedom] is of paramount importance.

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