PHIL215 Lecture Notes - Alternative Energy, Trade Secret, Public Knowledge

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Property: is the right to ownership or to stuff. Its materials vs. ideas (patents, copyright, trademark, music etc) We are losing out manufacturing base to china, india etc . Non-manufactured is moving to the manufacturing world: services 70, goods 20, primary sector (agriculture) 10% Structure intellectual property law to the inventor why: individual reason: inventors deserve to have ownership, social reason: eliciting further inventions and there is the incentive to have ownership. Some people believe that this thought is a mistake. That new knowledge should be socially owned. Argument: individual reason: to what extent should they have ownership to a certain invention . Inventors depend heavily on social inputs (banks funding money, pre-existing knowledge) so society should be entitled to some output (money) Social reason: are there negative consequences to the current system, two examples: 1) alternative energy 2) pharmaceuticals, 1) oil and gas companies own all of the alternative energy.

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