Re: *The Official Anarcho-Capitalism Debate and Discussion Thread. 4/2
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I was gonna start a new thread, but figured I could just pose my question here first to see if it gets answered...
In AC-Land, wouldn't innovation / progress be extremely limited? Government-assisted monopolies (through patents, regulations, etc.) obviously have an incentive to improve their existing products and services, as well as create new ones. They stand to profit a great deal due to the potential of gaining monopoly control of the market. Without any government, however, won't most of the significant barriers to entry be eliminated? Won't this discourage innovation and economic progress?
I've recently adopted most of the basic views/opinions of anarcho-capitalists, but I've had trouble wrapping my mind around this idea in particular. Thanks in advance...
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Personally, I think patents and copyrights would still exist in AC, so this wouldn't be a problem. Some disagree.
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