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Why We Should Get Rid Of Intellectual Property

You've probably heard the term "intellectual property" before. If not, it basically means you can lay claim to an idea and prevent anyone else from using it, building upon it, or even creating something similar. Why do we have these laws, and how deep does the problem go? How Intellectual Property Stifles Innovation – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Citations and Further Reading: Insulin costs less than $10 to produce https://www.wusa9.com/article/news/ve... 1 in 5 Americans ration their insulin https://www.nbcnews.com/health/health... Insulin prices increase by 15-17% every year https://www.commonwealthfund.org/publ... Insulin used to cost $20, now it costs $300 https://www.wusa9.com/article/news/ve... Monthly insulin costs exceed $1000 https://www.theguardian.com/us-news/2... 90% of the insulin market is controlled by 3 companies https://www.wusa9.com/article/news/ve... 3 companies keep insulin out of the public domain https://www.vox.com/2019/4/3/18293950... COVID vaccine manufacturers hire 100 lobbyists to protect their monopoly https://theintercept.com/2021/04/23/c... WTO waiver delays https://www.oxfam.org/en/press-releas... https://www.msf.org/lack-real-ip-waiv... Oxfam, 1 death in a rich country, four in a poor country from COVID https://oi-files-d8-prod.s3.eu-west-2... COVID vaccine manufacturers benefitted from IP waivers https://theintercept.com/2022/08/23/c... America was built on IP theft https://www.history.com/news/industri... The US complains about IP theft today https://www.ft.com/content/1d13ab71-b... TRIPS benefits the Global North https://books.google.com/books?id=oK1... IP more profitable than traditional business http://dx.doi.org/10.2139/ssrn.2333844 Four Futures by Peter Frase https://books.google.com/books?id=ZFd... Tech companies file thousands of patents a year and weaponize them https://www.bizjournals.com/sanjose/n... https://www.nytimes.com/2012/10/08/te... Collective funds idea   / how_would_intellectual_property_work_in_a   Crowdfunding idea    • Why Creators Shouldn't Own their Crea...   Fraud prevention patent office idea    • AskProfWolff: Patents and Copyrights:...   Socialism and intellectual property https://www.socialist.net/copyright-k... https://jacobin.com/2013/09/locked-out https://jacobin.com/2013/09/degenderi... https://jacobin.com/2013/09/property-... Follow and Support Second Thought! Twitter:   / _secondthought   Patreon:   / secondthought   BuyMeACoffee: https://www.buymeacoffee.com/secondth... CashApp: $JTChapman Watch More Second Thought: Latest Uploads:    • Плейлист   Spaaaaaace!:    • Плейлист   What If...:    • Плейлист   Popular Videos:    • Popular Videos | Second Thought   About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: [email protected]