Source: Cobden Centre
by Per Bylund
“Why would anyone invest large sums of capital into creating something new of uncertain income? This question captures the core of the argument for intellectual property, or the legal protection of inventors’ ideas from being copied and put to broader use. The simple logic appears intuitive and therefore persuasive, but does not stand up to scrutiny. Why? Because it applies to all entrepreneurship, which is always an investment in something of uncertain value. Yet this does not seem to stop entrepreneurs. Or, rather, it moderates which entrepreneurial projects are undertaken so that the craziest ideas are not pursued unless they are potentially very profitable.” (06/30/26)
https://www.cobdencentre.org/2026/06/intellectual-property-versus-the-unrealized/