Failure of Enforcement

2 July, 2009

DrugsMany libertarians claim that intellectual property rights abrogate traditional property rights, by prohibiting individuals from doing want they want with their own possessions. They claim that private contracts could supplant state intervention.

In fact, intellectual property rights arose in response to the impossibility of properly enforcing property rights and contracts. There are also benefits in preserving the profit motive. They are the solution, not the problem.

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