How intellectual property rules help the rich and hurt the poor

posted by
October 31, 2016
OpEdNews
by Dean Baker  
Posted in Commentary, PND Commentary

"There is a recurring concern in discussions about the economy that technology threatens the livelihood of large segments of the workforce. The exact mechanism varies. In one version, the robots will take all the jobs, leading to a massive surge in unemployment. A somewhat different version has the development of technology benefiting people with college and advanced degrees to the detriment of those with less education. In this story, the highly educated do well, while the less educated see stagnant or declining wages. While the future may actually be one of continually rising inequality, it is important to realize that technology is not the culprit. It is not the technology that determines who gets the benefits of major innovations; it is laws that govern technology, which in turn are made by politicians." (10/31/16)

http://www.opednews.com/articles/How-Intellectual-Property-by-Dean-Baker-Inequality_Intellectual-Property_Politicians_Property-Rights-161030-827.html  

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  • dL

    good piece…

    “it is important to realize that technology is not the culprit. It is not the technology that determines who gets the benefits of major innovations; it is laws that govern technology, which in turn are made by politicians.”

    yep…absolutely. Why I have little tolerance for both:

    technology/innovation==automatically bad, technology/innovation==automatically good.

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