Intellectual Property Is a Racket: How Patents and Regulators Stifle Innovation and Enrich the Few Intellectual Property Is a Racket I believe patents have become tools of monopoly, not innovation. They protect incumbent power at the expense of progress, and the entire system is built on fraud and serves corporate interests, not the public good. This isn’t a complex economic debate; it’s a simple observation of reality. When you have the power to own a molecule, a seed, or a gene sequence, you have the power to control the marketplace and dictate the price of life itself. The modern patent…
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This article was originally published by William L. Anderson at The Mises Institute. He spoke with a very thick Sicilian…