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 }
How can there be a “competition policy”? How can something that is SPONTANEOUS in nature stem from a “policy”, which is rigid and normative?
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.Comments on this entry are closed.