this post was submitted on 23 Oct 2024
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This is 100% capitalism. It's not free market to have a goverment-enforced monopoly.
You are correct. There would be no copyrights or patents in a free market.
Or trade secrets. "Perfect information" is a bitch. Not to speak of "perfectly rational actors": Say goodbye to advertisement, too, we'd have to outlaw basically all of it.
To be fair, we absolutely should outlaw at least 99% of all currently practiced forms of advertising and make it so that new forms of advertising have to be whitelisted by a panel of psychiatrists, sociologists, environmentalists and urban planners before they're allowed.