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Center for a Stateless Society » “Economic Calculation,” “Strong Property Rights,” and Other Lies Koch-Funded Libertarian Commentators Told Me
And even if it were theoretically possible to establish such property rules in factors of production entirely by market means, the model of capitalism we’ve had for the past 500 years would be the last thing to hold up as an example. Under historic capitalism, land and natural resources are artificially cheap to the heirs and assigns of those who enclosed them, and artificially scarce and expensive to those who must pay rents to the enclosers. Information and technique are artificially expensive because of intellectual property. The result is that capitalism operates in an environment of massive calculational chaos, with incentives distorted by artificial scarcity or artificial abundance at virtually every turn.

Given a different foundational property rights regime — for example, commons governance of information, land, and resources — the resulting market-clearing prices would likely be far different. Likewise, the parties to which returns on inputs accrued — and hence incentives — would also be far different. In every system, the property allocation and governance rules themselves result from social or political choices that are prior to the market, and market pricing of inputs depends on those rules.  
capitalism  property_rights  intellectual_property  rentier_economy  rent_seeking  prices  calculation_problem  kevin_carson  c4ss 
august 2019 by perich
If Property Rights Were Real, Climate-Destroying Companies Would Be Sued Out Of Existence – Current Affairs | Culture & Politics
But if those who claim to respect property rights actually took property rights seriously, carbon taxes shouldn’t even be a policy “choice.” Charging companies that emit climate-destroying gases for that destruction is not optional. Not to do it would be to admit that we do not actually care about property rights, we just care about protecting the property of particular favored parties. (Namely corporations.) You shouldn’t even need to pass a tax, because greenhouse gas emitters should be sued out of existence.
property_rights  environmentalism  climate-change  libertarianism  current_affairs 
february 2019 by perich
Canada’s IP strategy is not in step with our innovation and commercialization goals - The Globe and Mail
Jim Hinton is a principal at Own Innovation and Peter Cowan is a principal at Northworks IP

There is a global arms race for artificial intelligence-related intellectual property. The United States and China are amassing thousands of patent filings related to AI and machine learning.....The hype surrounding R&D funding has not translated to commercialization of AI outside of a small handful of domestic high-growth companies, such as Hatch and Sightline Innovation. This confirms what we already know: Innovation and IP funding announcements alone are not a strategy for growth. What Canada needs is a strategy to own its AI innovations and turn them into prosperity engines for the Canadian economy.

Lost in the hype around Canada becoming an AI hub is an absolute lack of follow-through to ensure intellectual property (IP) rights are preserved for current and future Canadian commercialization needs. There is currently no strategy in any of the taxpayer-funded programs ensuring IP ownership is maintained for the benefit of the Canadian economy. ......Companies such as Alphabet, Huawei and others will continue to partner with Canadian universities and use Canadian taxpayer-funded technology to their global advantage: Of the 100 or so machine learning-related patents that have been developed in Canada over the past 10 years, more than half have ended up in the hands of foreign companies such as Microsoft and IBM.......

.........To reverse the status quo, Canada’s IP strategy must include at least four key tactics: (1) IP generation, ensuring that Canadian firms own valuable IP and data stocks; (2) IP retention; (3) freedom to operate strategies for our innovative high-growth companies; and (4) alignment of the national IP strategy with the national data strategy.
artificial_intelligence  Canada  innovation  intellectual_property  machine_learning  property_rights  arms_race  commercialization  Jim_Balsillie 
november 2018 by jerryking
Canada doomed to be branch plant for global tech giants unless Ottawa updates thinking, Balsillie warns | Financial Post
James McLeod
November 16, 2018
7:27 PM EST

Canadian governments need to radically rethink their approach to the knowledge economy if the country is to be anything more than a branch plant for global technology giants,.......“I think they confuse a cheap jobs strategy … (and) foreign branch plant pennies with innovation billions,” .........Balsillie has argued that the “intangible” economy of data, software and intellectual property is fundamentally different from the classical industrial economy built on the trade of goods and services, and that because Canadian policymakers fail to understand that difference, they keep being taken for rubes.......Balsillie was particularly critical of the federal government’s policy when it comes to “branch plant” investments in Canada in the technology sector.

He said that in the traditional economy of goods and services, foreign direct investment (FDI) is a good thing, because there’s a multiplier effect — $100 million for a new manufacturing plant or an oil upgrader might create $300 million in spinoff economic activity.

But if you’re just hiring programmers to write software, the picture is different, he said. It’s a much smaller number of jobs with fewer economic benefits, and, more importantly, the value created through intellectual property flows out of the country.

“Our FDI approaches have been the same for the intangibles, where, when you bring these companies in, they put a half a dozen people in a lab, they poach the best talent and they poach the IP, and then you lose all the wealth effects,”....“Don’t get me wrong. I believe in open economies. They’re going to come here anyway; I just don’t know why we give them the best talent, give them our IP, give them tax credits for the research, give them the red carpet for government relations, don’t allow them to pay taxes, and then have all the wealth flow out of the country.”...if small countries such as Canada make a point of prioritizing the intangible economy, there are huge opportunities. He pointed to Israel, Finland and Singapore as examples of how smart policies and specialization can reap big rewards.

“I could literally see enormously powerful positions for Canada if we choose the right places. I mean, there are some obvious ones: value added in the food business, and precision data and IP in agriculture; certainly in energy extraction and mining, which are data and technology businesses,” he said.

“We actually have enormous opportunities to build the resilience and opportunity,” he said. ”And how can you threaten a country with a picture of a Chevy and 25 per cent tariffs when you’ve built these kinds of very powerful innovation infrastructures that you can’t stop with a tariff because they move with the click of a mouse?”
branch_plants  Canada  digital_economy  industrial_economy  intangibles  intellectual_property  Jim_Balsillie  policymakers  property_rights  protocols  GoC 
november 2018 by jerryking
The digital economy is disrupting our old models
Diane Coyle 14 HOURS AGO

To put it in economic jargon, we are in the territory of externalities and public goods. Information once shared cannot be unshared.

The digital economy is one of externalities and public goods to a far greater degree than in the past. We have not begun to get to grips with how to analyse it, still less to develop policies for the common good. There are two questions at the heart of the challenge: what norms and laws about property rights over intangibles such as data or ideas or algorithms are going to be needed? And what will the best balance between collective and individual actions be or, to put it another way, between government and market?
mydata  personal_data  digital_economy  Facebook  externalities  knowledge_economy  public_goods  algorithms  data  ideas  intangibles  property_rights  protocols 
april 2018 by jerryking
Some Puzzles For Libertarians – Current Affairs | Culture & Politics
Is eating the boy’s corpse after he dies the only potential violation of libertarian principles in the village? Is every single other aspect of this completely permissible?
funny  libertarianism  current_affairs  thought_experiments  market_coercion  property  property_rights 
february 2018 by perich
The Peculiar Poetry of Paris’s Lost and Found | The New Yorker
On the Bureau of Found Objects, established in 1804 under Napoleon; instantiates the idea of property as a sacred right in France, which is not interrupted or undermined by the loss of an object. Connects this to French history, in which lost objects once belonged to the person on whose land they were found; the French Revolution deliberately altered that norm, and the Bureau reflects the new standard.
cities  paris  loss  property_rights  law  against_irrelevance 
september 2017 by johnmfrench
David Ciepley - Beyond Public and Private: Toward a Political Theory of the Corporation (2013) | American Political Science Review on JSTOR
This article challenges the liberal, contractual theory of the corporation and argues for replacing it with a political theory of the corporation. Corporations are government-like in their powers, and government grants them both their external "personhood" and their internal governing authority. They are thus not simply private. Yet they are privately organized and financed and therefore not simply public. Corporations transgress all the basic dichotomies that structure liberal treatments of law, economics, and politics: public/private, government/market, privilege/equality, and status/contract. They are "franchise governments" that cannot be satisfactorily assimilated to liberalism. The liberal effort to assimilate them, treating them as contractually constituted associations of private property owners, endows them with rights they ought not have, exacerbates their irresponsibility, and compromises their principal public benefit of generating long-term growth. Instead, corporations need to be placed in a distinct category—neither public nor private, but "corporate"—to be regulated by distinct rules and norms. - downloaded via iphone to dbox
organizations  institutional_economics  corporations  corporate_citizenship  markets-dependence_on_government  article  corporate_control  institutions  management  public-private_gaps  bibliography  social_contract  liberalism  jstor  property_rights  downloaded  corporate_law  political_theory  managerialism  corporate_governance  corporate_personhood  firms-organization  property 
july 2017 by dunnettreader
Canada needs an innovative intellectual property strategy - The Globe and Mail
Special to The Globe and Mail
Published Friday, May 19, 2017

Canada has never before had a national IP strategy, so getting it right will set the stage for subsequent innovation strategies. Here are some factors that our policy makers must take into account:

(1) Canadian innovators have only a basic understanding about IP

Canadian entrepreneurs understand IP strategy as a defensive mechanism to protect their products. In reality, IP is the most critica

(2) Focus on global IP landscape, rather than tweak domestic IP rules

Canada’s IP regime, including the Canadian Intellectual Property Office, needs a strategy that reflects global norms for IP protection, protects Canadian consumers and shrewdly supports Canadian innovators.l tool for revenue growth and global expansion in a 21st-century economy.

(3) Canadian businesses own a dismal amount of IP

Although IP has emerged as the most valuable corporate asset over the past two decades, it is overlooked by Canadian policy makers and businesses.
(4) Building quality patent portfolio requires technically savvy experts

A high-quality patent portfolio needs to include issued and in-force patents, including patents outside of Canada in key markets such as the United States and Europe. Strong portfolios will also have broad sets of claims that are practised by industry, spread across many patents creating a cloud of rights with pending applications.
(5) IP benefits from public-private partnerships are flowing out of country.

Canada’s innovation strategy must consider ownership and retention of our IP as one of its core principles. Are we satisfied with perpetually funding IP creation while letting foreign countries reap the benefits?
intellectual_property  digital_strategies  Canada  Canadian  patents  high-quality  digital_economy  digital_savvy  intangibles  property_rights  protocols  portfolios  portfolio_management  21st._century  defensive_tactics  Jim_Balsillie  strategic_thinking  overlooked  policymakers 
may 2017 by jerryking

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