I believe the market is very much like evolution - the best producers of goods and services strengthen while their competitors challenge them or die out. One of the main arguments against capitalism is the issue of monopolies and their power over their competitors. If there is a lack of competition …

Yeah, we’re no friends of patents here.

I can understand why. However, if someone had an inventive or innovative idea but did not have the resources to produce it, how could their ideas ever come into fruition? If they tried to pitch it or sell it to those who can produce it, how could it be protected from theft without some form of pate…

“Do Patent Rights allow Monopolies in a Free Market?” You question is flawed. If there are patents being enforced it is not a free market.

I understand that now. I have changed the title of the thread to better fit my intended context.

“I understand that now. I have changed the title of the thread to better fit my intended context.” But, by capitalism, do you mean free markets? what do you mean by capitalism?

Exactly. People act as though every inventor would get screwed because his potential investors would run away with his idea. It’s very simple: inventors figure out that they ought to show no one their ideas without a contractual obligation to not use it. The repeal of patent law would mean in the me…

Not sure I agree completely here. A patent allows someone to own an idea. It’s not an illegitimately enforced monopoly any more than you owning a house is an illegitimately enforced monopoly. If patent laws go away entirely, the incentive to share new knowledge with the community in exchange for a …

So inventor A signs contract with B to not tell his idea to anyone. B tells C and C makes a business using that idea. Now A sues B for losses, including all the money C’s making, but A cannot then injunct C from making the product, even though A came up with the idea, thus homesteading it?

One can not steal an idea. It’s unownable thing.

Do Patent Rights allow Monopolies in Capitalism?

Economics Economics Questions

grant.w.underwood October 2, 2012, 10:20am 8

you can always sign a contract so they cant steal the idea

do non-disclos. agreements satisfy Rothbard's theory?

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Do Patent Rights allow Monopolies in Capitalism?

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