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'''Intellectual property''' is an intangible form of [[private property]] under [[capitalism]] that includes [[copyright]] and patents. Patents on technology cause [[Monopoly|monopolization]] and increase the prices of prescription drugs by over 300%, from under $105 billion per year in the U.S. to over $420 billion.<ref>{{Web citation|author=Martin Hart-Landsberg|newspaper=[[Monthly Review]]|title=Corporate concentration, intellectual property rights, and U.S. public policy|date=2018-05-11|url=https://mronline.org/2018/11/05/corporate-concentration-intellectual-property-rights-and-u-s-public-policy/|archive-url=https://web.archive.org/web/20211017072147/https://mronline.org/2018/11/05/corporate-concentration-intellectual-property-rights-and-u-s-public-policy/|archive-date=2021-10-17|retrieved=2022-09-25}}</ref> | '''Intellectual property''' is an intangible form of [[private property]] under [[capitalism]] that includes [[copyright]] and patents. It serves to establish scarcity on otherwise infinitely reproducible [[Commodity|commodities]], typically technology or [[art]]. | ||
== Monopoly control == | |||
Since the mid-1990s, [[Imperialism|international monopolies]] have controlled 80% of the world's patents and technology transfers. The total interstate licensing income from intellectual property was $272 billion in 2016, including $80 billion of net income to the [[United States of America|USA]]. The USA controls 45% of intellectual property exports, the [[European Union|EU]] controls 24%, and [[Japan]] controls 14%.<ref>{{Web citation|author=[[Cheng Enfu]], Lu Baolin|newspaper=[[Monthly Review]]|title=Five Characteristics of Neoimperialism|date=2021-05-01|url=https://monthlyreview.org/2021/05/01/five-characteristics-of-neoimperialism/|archive-url=https://web.archive.org/web/20230928014058/https://monthlyreview.org/2021/05/01/five-characteristics-of-neoimperialism/|archive-date=2023-09-28}}</ref> | |||
Patents on technology cause [[Monopoly|monopolization]] and increase the prices of prescription drugs by over 300%, from a total of under $105 billion per year in the U.S. to over $420 billion.<ref>{{Web citation|author=Martin Hart-Landsberg|newspaper=[[Monthly Review]]|title=Corporate concentration, intellectual property rights, and U.S. public policy|date=2018-05-11|url=https://mronline.org/2018/11/05/corporate-concentration-intellectual-property-rights-and-u-s-public-policy/|archive-url=https://web.archive.org/web/20211017072147/https://mronline.org/2018/11/05/corporate-concentration-intellectual-property-rights-and-u-s-public-policy/|archive-date=2021-10-17|retrieved=2022-09-25}}</ref> | |||
== References == | == References == | ||
[[Category:Capitalist terminology]] | [[Category:Capitalist terminology]] | ||
[[Category:Stubs]] | [[Category:Stubs]] | ||
Latest revision as of 20:53, 18 February 2024
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Intellectual property is an intangible form of private property under capitalism that includes copyright and patents. It serves to establish scarcity on otherwise infinitely reproducible commodities, typically technology or art.
Monopoly control[edit | edit source]
Since the mid-1990s, international monopolies have controlled 80% of the world's patents and technology transfers. The total interstate licensing income from intellectual property was $272 billion in 2016, including $80 billion of net income to the USA. The USA controls 45% of intellectual property exports, the EU controls 24%, and Japan controls 14%.[1]
Patents on technology cause monopolization and increase the prices of prescription drugs by over 300%, from a total of under $105 billion per year in the U.S. to over $420 billion.[2]
References[edit | edit source]
- ↑ Cheng Enfu, Lu Baolin (2021-05-01). "Five Characteristics of Neoimperialism" Monthly Review. Archived from the original on 2023-09-28.
- ↑ Martin Hart-Landsberg (2018-05-11). "Corporate concentration, intellectual property rights, and U.S. public policy" Monthly Review. Archived from the original on 2021-10-17. Retrieved 2022-09-25.