Two points against Intellectual property laws

[pvn]

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Its too easy for competitors to jump in and compete.

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Yeah, that pesky competition. What a horrible concept.

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Also, there are other aspects of patents that is useful.

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Of course they are useful... to the holders. You completely ignore the impact on everyone else.

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Without patents, companies would surely try very hard to keep their technologies as a trade secret so competitors cant free ride on their R&D.

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You mean, they'd have to internalize their costs, instead of free riding on the taxpayer.