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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. IP serves to establish scarcity on otherwise infinitely reproducible commodities, typically [[art]]. | ||
Patents on technology, for example, 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> | |||
== References == | == References == | ||
[[Category:Capitalist terminology]] | [[Category:Capitalist terminology]] | ||
[[Category:Stubs]] | [[Category:Stubs]] | ||
Revision as of 03:19, 4 January 2023
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Intellectual property is an intangible form of private property under capitalism that includes copyright and patents. IP serves to establish scarcity on otherwise infinitely reproducible commodities, typically art.
Patents on technology, for example, cause 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.[1]
References
- ↑ 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.