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11.04.09

Joseph Stiglitz on Why TRIPS (Patents) is Like Murder

Posted in Intellectual Monopoly, Patents, Videos at 8:33 am by Dr. Roy Schestowitz

“IP is often compared to physical property rights but knowledge is fundamentally different.”

IP Watch on Professor Joseph Stiglitz

Summary: In a talk about intellectual monopolies, Joseph Stiglitz explains what those trade provisions really are about

THE following talk, just highlighted by our regular contributor Fewa, is described as follows: “Nobel Prize-winning economist Joseph Stiglitz speaks about his book, “Making Globalization Work.” This event took place on October 13, 2006, at Google’s Mountain View, CA, headquarters as part of the Authors@Google series.

The part about TRIPS begins 16 minutes into the video, but there are other portions worth learning about. We wrote about TRIPS [1, 2, 3, 4] in relation to ACTA [1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14].

Other than the media, it is often said that the schooling systems are means for preparing the population to accept the point of view of those in power; it includes the patent system. People will hopefully use alternative sources of information like the Internet to learn how things really work and what their purpose is in practice.

“Patent monopolies are believed to drive innovation but they actually impede the pace of science and innovation, Stiglitz said. The current “patent thicket,” in which anyone who writes a successful software programme is sued for alleged patent infringement, highlights the current IP system’s failure to encourage innovation, he said.”

IP Watch on Professor Joseph Stiglitz

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