Also, I seem to have spoken in extremes. And in that, I was sorely mistaken. I don't believe in extremes.
However, I stand by the notion that incentive to produce is at the very least greatly reduced without protection of intellectual property.
Nice work. I don't have any formal education in economics so I cannot retort what you've said about economies of scale, this was merely my understanding of the ideal situation for the existence of natural monopoly.
However, allow me to clarify. By profit I did not necessarily mean monetary...
Hey folks-
Long time reader here (on the order of ~10 yrs) spurred into joining the GR community by this conversation. I just had to toss in an argument that nobody seems to have mentioned.
First, "Ideas" (as mentioned before) are NOT infinite. Ideas are not infinite because they require...
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