05
10
Copyright and patent law is supposed to act as incentives for the creation of new content or inventions. Yet, as we’ve pointed out recently, there’s little economic evidence that it does so. Instead, the evidence suggests that stronger intellectual property laws seem to come after the fact. In other words, when there is little IP protection, there is often quite a bit of creation and invention — and then those that did that creation and invention decide that they want to protect it retrospectively. That’s not the purpose of IP law, but it’s what seems to happen. And, look no further than China to see it happening again. China, of course, is notorious as a haven for intellectual property infringement, which (not surprisingly) has resulted in business model innovation. However, now that China is hosting the Olympics, it’s suddenly worried about making sure […]