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 Via Anarcho-Capitalists' Forum: Facebook And Others In A Libertarian World

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PostSubject: Via Anarcho-Capitalists' Forum: Facebook And Others In A Libertarian World   Wed Dec 05, 2018 7:53 pm

... The company now has a legal team where the team “currently spends 10 percent of its time registering new product protections and 90 percent defending previous product protections.”
China, by the way, is the sixth largest market for Joseph Joseph, falling in behind the UK, the US, France, Germany and Japan. So, the company is doing very well.
The point is, however, information on products and services is available globally. A good idea, a good product, a good anything, is going to be found and, if the opportunity seems to be a good one, the idea, the product, the “anything” will be copied and marketed. If there is a market niche, in this modern age, it will be found.
This has always been an issue, but the time between an innovation and a competitive entry to take on the innovation has taken some time.

The economist William Baumol presented some research on this subject in his book “The Free-Market Innovation Machine.” On page 76 of the book, he has a chart that shows that in the period 1887 to 1906, it took almost 33 years for a competitor to enter the market in competition with an innovation.

Just after World War II, the period 1947 to 19667, the interval was only a little less than 6 years. In the 1967 to 1986 period, this interval had dropped to 3.4 years.

Although I don’t have more current research, one can imagine that over the past thirty-two years, the interval is much lower. Information spreads and it spreads very fast. Consequently, copying can follow just that much faster as well.

https://seekingalpha.com/article/4223347-facebook-others-libertarian-world?page=3
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