… Our Intellectual Property Laws Are Out of Control - Popular Mechanics. (Hat tip, Dave Lull.)
Intellectual property law is supposed to promote experimentation, not hold it back. A similar problem in 17th-century England led to the precursor of our own system of patents and copyrights. In those days British monarchs often granted monopolies to courtiers in exchange for money or political support. The holder had the exclusive right to sell a product, anything from playing cards to French perfume. These unpopular arrangements were political payoffs, not rewards for introducing new products. And the abuses got so bad that in 1624 Parliament passed a law banning monopolies except as a reward for inventors.
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