> Capitalism is the system where someone can claim ownership of land/buildings/ideas(typically due to prior ownership)
Typically due to paying someone to invent/build them, then continuing to capitalize on essentially someone's else work.
That's the problem. I think we would be in much better situation if the person who worked on something reaped majority of benefits, and not boss of their boss.
Instead we have IP producers needing to produce thru their whole productive life, while having their IP ownership assigned to corporations because that's what their employment contract allows, and nobody else in society being able to benefit (without paying not-the-author of it), even tho near everything relies on what came before.
That then can be used by corporations either long enough to stifle innovation and competition (patents), or even long enough that nobody involved is alive anymore (copyright law), all while paying far lower taxes than people they hire.
Like, capitalism might have some problems but they are by far exacerbated by how law around it works. Any technology that increases performance by far benefits the owners of company the most and they pay less taxes on top of that.
Typically due to paying someone to invent/build them, then continuing to capitalize on essentially someone's else work.
That's the problem. I think we would be in much better situation if the person who worked on something reaped majority of benefits, and not boss of their boss.
Instead we have IP producers needing to produce thru their whole productive life, while having their IP ownership assigned to corporations because that's what their employment contract allows, and nobody else in society being able to benefit (without paying not-the-author of it), even tho near everything relies on what came before.
That then can be used by corporations either long enough to stifle innovation and competition (patents), or even long enough that nobody involved is alive anymore (copyright law), all while paying far lower taxes than people they hire.
Like, capitalism might have some problems but they are by far exacerbated by how law around it works. Any technology that increases performance by far benefits the owners of company the most and they pay less taxes on top of that.