Starchild,
In what way does Einstein's theory of relativity constitute a product
in a market?
I agree with your implication that an idea is not a product.
However, there is the possiblity that Einstein could turn his
idea into a product and then have no competition, at least for
awhile.
Should other scientists have to pay him when referencing
or using his theory in their work?
Only if they agree to. (I'm against Intellectual Property.)
in an ideal market, barriers to entry would be
no higher than required by the nature of the products or
services to be offered.
I agree, however, you did not stipulate this in your
original email.
Michael
Starchild,
I disagree with:
� Wide variety of consumer choice
� Highly competitive (not dominated by any single company or small
group of companies)If one genius, e.g., an Einstein, devises a terrific idea,
e.g., E=mc2, far ahead of its time, which people universally
embrace, this is great. The absence of choice and competition
is no problem in such a case.I also disagree with:
� Low barriers to entryIf you wish to build an airplane, for example, and compete
with Boeing, the start-up costs would be high even in a free
market.Best, Michael
From: "Starchild" <sfdreamer@...>
To: <lpsf-discuss@yahoogroups.com>
Sent: Thursday, September 18, 2003 12:23 AM
Subject: [lpsf-discuss] Creating ideal market conditions (was
"Raging
Libertarian")
It seems to me that an ideal market would be one with the following
characteristics:� No government interference
� Wide variety of consumer choice
� Low barriers to entry
� Highly competitive (not dominated by any single company or small
group of companies)
� Favorable conditions for innovation, creativity, and technological
progressIn the computer industry, a lot of the issues that come up, and that
determine which companies prosper and how, are going to be issues of
intellectual property. Now given that intellectual property is such
a
grey area of libertarian philosophy to begin with (should government
enforce patents? should they eventually expire? etc.), might it be
worth tolerating a little government interference if that
interference