Saturday, December 15, 2007

The Insatiable Appetite for Intellectual Property Rights

“We should be trying to hone the system so that the greatest rewards and encouragement go to those industries which need and deserve them most. Where IP rights perform their function of advancing the sciences or arts, they should be encouraged to do so. Where or to the extent that they do not, they have no justification and the normal discipline of competition should prevail. The gluttony which has resulted in the growth of completely unnecessary or excessively long IP rights undermines the system itself.” —Professor Sir Hugh Laddie QC

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