Posts Tagged: "economic climate"

Causes and Consequences of Productivity Growth Declines

While all economic views of productivity growth may have a grain of truth, I argue that all of these theories of productivity growth are fundamentally wrong. The economic evidence shows clear relationships between the trend of decline in productivity growth and the trend in declines of the U.S. patent system. As the patent system has been weakened in the last decade, there is less investment by start-ups in technology R&D. At the same time, the technology industry has become highly concentrated, with big tech incumbents dominating their industries. The combination of increasingly concentrated competitive configurations in the technology industry with the reduction in key rights embedded in patents, has resulted in substantially reduced incentives to invest in R&D innovations.

The Real McCoy Part 2: I am a Man Who Thinks and My Thoughts are Valuable

One of the more indelible images of the civil rights movement are those from the Spring of 1968 as Black sanitation workers went on strike in Memphis, Tennessee holding signs that read “I am a Man,” in their fight for economic equality. (This is the reason that civil rights leader Martin Luther King, Jr. was visiting Memphis when he was assassinated on April 4, 1968.) Now those signs should not only read “I am a Man Who Thinks,” but “I am a Man Who Thinks and My Thoughts are Valuable.” Thus, a skillful IP attorney can be a modern day civil rights attorney by aiding Blacks to create IP rights in order to preserve their exclusive right to economically exploit the fruits of their creativity.