Do Patent Rights allow Monopolies in Capitalism?

Neither can one know in advance how much money a plot of land can produce.

Nor is anyone entitled to any particular amount of money from any piece of property. Neither of these facts negate or affect ownership in any way.

But if someone took your house or your land and began draining value from it, let’s say by pumping oil out of the ground, then you would be entitled to restitution.

Sure, but there’s always a time lage between intended use and the completion of that use, and this is where the claim becomes an important facilitator. One could equally claim a patent is fencing off an idea, barring others from its use.

And because ideas are non-scarce and infinitely replicateable, that “fence” cannot therefore exit in perprtuity, for it would be silly to claim someone can own X idea forever.

Of course one can own X idea forever if one simply does not disclose it to others. Thus, the patent encourages disclosure in exchange for a limited monopoly on that idea which expires after a term.

Except that in real world cases, the “claim” has been used to prevent this undesirable scenario, even though it is only adjunct to the homestead.

Whatever society chooses to implement patent protection. I assume you are part of some society for the purpose of this argument. It would be only implicit agreement in a non-libertarian society, but certainly explicit in a libertarian one.

You would have a hard time making the case that quantum mechanics was “only a remix” of existing ideas.

There’s plenty of new out there, new combinations are in fact new, despite this deconstructive painting of newness. It will probably always be possible to discover a new principle or fact about science and reality which can enable some new invention beneficial to humanity.

New in the context of a product is new in the same way that it will always be possible to write a book that is unlike any other book ever written, despite the fact that you’re only using 26 letters and punctuation.

‘New’ transcends the medium in which that newness originates. If it did not, then it would be impossible to own a book that you have written, because you would sit here telling me that it’s impossible to own letters of the alphabet, and that a book is only a remix of letters.

I would certainly reject that.