Ep55 – Why IP Laws Destroy Innovation and How Creatives Can Profit Without Them with Stephan Kinsella
This week, Stefan and Scott welcome Stephan Kinsella to Mentally Unscripted.
Stephan is a brilliant, articulate libertarian legal scholar who explains why the mainstream notion that intellectual property spurs innovation is wrong. He dives in by telling us why IP laws are simply government-issued monopolies that actually impede innovation. He explains why removing IP laws would make us more prosperous. And closes by discussing other innovative ways creators can profit without protectionist laws.
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Intellectual Property (IP) is a body of law whose stated purpose is to protect a specific type of private property, such as inventions and creative works but is really a grant of monopoly power by the state.
Instead of spurring innovation and creativity, the monopolistic nature of IP laws stifles new creative output.
IP laws could be repealed today, and entrepreneurs would fill the void with new, innovative ways to earn money from their creations.
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