Originally Posted by
chainstrainer
Oh, for crying out loud! Aspirin was invented in 1899, the patents have long expired, and you won't raise an eyebrow marketing your own unless you call it "Bayer". Your analogy is misleading. Here's another analogy: Rolex watches and Louis Vuitton purses are counterfeited, too. I don't know about you, but I have no interest in buying watches from under some stranger's overcoat on the street or purses from a flea market tent. Look at the fake Strida ads - they don't even bother to use their own photos! Why make the effort to use your own when you can steal the ads, photos and reviews of the product you're ripping off? Does this not bother you?
Think about this for a moment: If someone invests their creative talent and physical effort to develop an innovative product and brings it to market under protection of internationally recognized IP laws but an unauthorized, illegal, blatantly-direct copy is irresistibly cheaper, that makes it "okay" to patronize the faker? Why would anyone bother to invent anything?
Tell me, please: WHERE IS THE PROGRESS IN THAT?
I believe someone else pointed out that the Strida patents expired. So the analogy is fine. Moreover, it is popular to pick an extreme example to make a point; but if you don't like picking a familiar drug or its age, then pick another one where the patent recently expired.
I can't tell from your response whether you got my point or already understood it; that there is a tradeoff between giving people the incentive to innovate and providing the good to society at a more accessible price (
a price that excludes the extra rents that go to the inventor or owner of the patent).
The progress is that members of society can now acquire the formerly patent protected good the socially efficient price.
Note that what I described above applies to pharmaceutical drugs and my example. So unless you think that patent protection should be infinite, then you should also recognize that competition -- ignoring the complications of imperfect information since it should not affect the main argument -- reflects progress manifested in lower prices and less deadweight loss.
Now I don't pretend that legislative branches of governments naturally come up with the optimal duration of a patent -- either from the perspective of economic efficiency or sense of fairness. However, it is the relevant standard here.
I can only type so fast with one hand. If you search for Brompton (Merc) and patent (copyright) you should find some relevant threads.