Comments on: Why the Tories do not believe in free markets https://neweconomics.opendemocracy.net/tories-not-believe-free-markets/?utm_source=rss&utm_medium=rss&utm_campaign=tories-not-believe-free-markets Tue, 11 Sep 2018 13:12:00 +0000 hourly 1 https://wordpress.org/?v=5.3.4 By: umbra13 https://neweconomics.opendemocracy.net/tories-not-believe-free-markets/#comment-1042 Tue, 27 Feb 2018 14:24:00 +0000 https://www.opendemocracy.net/neweconomics/?p=2480#comment-1042 “Whether or not one approves of this, it is the opposite of a free market. The income linked to patents has risen more than sevenfold since 1995, yet studies have shown that the spread of patents is not correlated with economic growth.”

Another recent discussion of this appears in “The Captured Economy: How the powerful enrich themselves, slow down growth and increase inequality” by Brink Lindsey and Steven M Teles.

They start from a different perspective but reach similar conclusions, describing the current IP laws as giving “intellectual monopoly rather than intellectual property”: “bad for economic growth overall, but … highly effective at showering riches on a favoured few.”

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