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
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Citations and Further Reading:
Insulin costs less than $10 to produce
https://www.wusa9.com/article/news/verify/insulin-costs-about-10-to-make-but-retails-for-nearly-300-pharmaceutical-companies-eli-lilly-novo-nordisk-sanofi-pbms-insuli/65-73a3cafd-3340-45cd-8324-a5e3e1c78fa5
1 in 5 Americans ration their insulin
https://www.nbcnews.com/health/health-news/insulin-prices-many-adults-diabetes-ration-insulin-study-finds-rcna52287
Insulin prices increase by 15-17% every year
https://www.commonwealthfund.org/publications/issue-briefs/2020/sep/not-so-sweet-insulin-affordability-over-time
Insulin used to cost $20, now it costs $300
https://www.wusa9.com/article/news/verify/insulin-costs-about-10-to-make-but-retails-for-nearly-300-pharmaceutical-companies-eli-lilly-novo-nordisk-sanofi-pbms-insuli/65-73a3cafd-3340-45cd-8324-a5e3e1c78fa5
Monthly insulin costs exceed $1000
https://www.theguardian.com/us-news/2019/jul/28/bernie-sanders-americans-canada-insulin-bus-caravan
90% of the insulin market is controlled by 3 companies
https://www.wusa9.com/article/news/verify/insulin-costs-about-10-to-make-but-retails-for-nearly-300-pharmaceutical-companies-eli-lilly-novo-nordisk-sanofi-pbms-insuli/65-73a3cafd-3340-45cd-8324-a5e3e1c78fa5
3 companies keep insulin out of the public domain
https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expensive
COVID vaccine manufacturers hire 100 lobbyists to protect their monopoly
https://theintercept.com/2021/04/23/covid-vaccine-ip-waiver-lobbying/
WTO waiver delays
https://www.oxfam.org/en/press-releases/nearly-30000-people-have-died-every-day-covid-19-wto-talks-vaccine-intellectual
https://www.msf.org/lack-real-ip-waiver-covid-19-tools-disappointing-failure-people
Oxfam, 1 death in a rich country, four in a poor country from COVID
https://oi-files-d8-prod.s3.eu-west-2.amazonaws.com/s3fs-public/2022-03/Pandemic%20of%20greed-Oxfam%20media%20briefing-March2022.pdf
COVID vaccine manufacturers benefitted from IP waivers
https://theintercept.com/2022/08/23/covid-vaccine-patents-moderna-big-pharma-section-1498/
America was built on IP theft
https://www.history.com/news/industrial-revolution-spies-europe
The US complains about IP theft today
https://www.ft.com/content/1d13ab71-bffd-4d63-a0bf-9e9bdfc33c39
TRIPS benefits the Global North
https://books.google.com/books?id=oK1m0AW95c0C&newbks=1&newbks_redir=0&printsec=frontcover
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=ZFdoBAAAQBAJ&printsec=frontcover
Tech companies file thousands of patents a year and weaponize them
https://www.bizjournals.com/sanjose/news/2020/07/27/top-of-the-list-patent-recipients.html
https://www.nytimes.com/2012/10/08/technology/patent-wars-among-tech-giants-can-stifle-competition.html
Collective funds idea
https://www.reddit.com/r/socialism/comments/328izi/how_would_intellectual_property_work_in_a
Crowdfunding idea
https://youtu.be/mnnYCJNhw7w
Fraud prevention patent office idea
https://youtu.be/bUpaT_f0wic
Socialism and intellectual property
https://www.socialist.net/copyright-keeping-ideas-under-lock-and-key.htm
https://jacobin.com/2013/09/locked-out
https://jacobin.com/2013/09/degendering-value
https://jacobin.com/2013/09/property-and-theft
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