189 - Why IP Rights and Patents are Irrelevant and Should Be Abolished

I've always believed in the importance of IP rights and patents, like many of you, but my recent discovery of Stephan Kinsella's theory on this topic has led me to almost completely change my mind. Tune in today to hear about the history of IP rights and patents, why they are anti-capitalist, and how they actually inhibit rather than promote innovation.  If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:38] Why today's episode is a special one.  [01:45] My argument against registering trademarks as a startup.  [04:03] How my opinion on IP rights has changed.   [04:48] The history of copyrights and patents.  [05:55] A summary of Stephan Kinsella's argument against IP rights. [07:26] How IP laws infringe on the property rights of individuals.  [08:58] How patents can inhibit innovation.  [10:04] An example of how IP rights act in the interests of big corporations rather than consumers.  [13:12] The three potential sources of property rights.  [14:33] What Stephan believes ownership principles should be based on.  [15:22] Contractual provisions that I always include in my client agreements.  [17:33] The challenges of enforcing IP rights.  [18:43] Why I am such a fan of Stephan Kinsella's work.  [19:30] Stephan's response to the fear that people have about the threat of AI.     Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

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