Economic growth begins with ideas, innovation and creativity. Since the signing of the Constitution, the U.S. has protected the fruits of creativity and innovation through intellectual property protection, primarily expressed as patents, trademarks, copyright and trade secrets.
As our economy has become even more dependent on innovation, intellectual property issues have been pushed to the forefront. The clashes have led some to question the value and even the legitimacy of IP protection. While some of these attacks come from the libertarian perspective, most originate from the same naïve socialist impulses that so demonstrably failed in the realm of real property—but somehow are seen as thoughtful with respect to IP.
IPI believes that creators have the right to own and control the fruits of their creativity, and that the IP system has done an admirable job of not only incentivizing innovation, but also making creative products and services available to the public and transferring technology to the developing world.
What Foreign Steel, NATO and Prescription Drugs Have in Common
If the president doesn't want to import price-controlled, foreign-made steel, then why does he want to import price-controlled prescription drugs?
Why Is the U.S. Surrendering the Global IP System to China?
Only immediate attention from the White House can prevent WIPO from becoming dominated by China, which would pose risks to the entire global IP system, and thus to U.S. security and innovation.
'Greedy' Drugmakers Pour Money into Finding a Coronavirus Fix
Governments can't act as quickly as private sector drug companies when it comes to finding a vaccine for the coronavirus or any other epidemic.
How Those Memes You Just Posted Could Soon Cost You $30,000
You’re served with a notice. Apparently you’d shared some photos you didn’t own on the internet a while ago, and now someone–possibly an artist, possibly a copyright troll–can file for damages of up to $30,000. Scam, you think, and toss the paper. Unfortunately for you, those copyright infringement proceedings were real, and now a government entity unbeknownst to you–something called the Copyright Claims Board–has determined, without judge or jury, that you owe this person $30,000.
Our Own Private Theranos
The licensing of intellectual property is put at risk by absurd outcomes like the HouseCanary verdict.
Audio Ripping Site Convert2MP3 Shuts Down After Lawsuit
The U.S economy is losing $12.5 billion annually to music theft, reports IPI.
Coalition Letter Expressing Concerns with S.1416, the "Affordable Prescriptions for Patients Act of 2019"
Coalition of conservative & free-market groups express concern with S.1416, the Affordable Prescriptions for Patients Act of 2019, as introduced by Sen. John Cornyn (R-TX) and Richard Blumenthal (D-CT).
Not OK, Computer: How It Feels To Have Your Music Leaked
A lot has been written about the financial cost of leaks since the advent of sites such as Napster. One report by the Institute for Policy Innovation, an American thinktank, estimated that internet users have downloaded $12.5bn worth of pirated music every year since 1999.
Senator Cornyn's Bureaucracy Empowerment Act
Senators John Cornyn and Richard Blumenthal want to control prescription drug prices by empowering bureaucracy. When has that ever worked?
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