Live data from Hacker News

We have socialised the risk of innovation but privatised the rewards

blogs.lse.ac.uk

121–130 of 133 posts

Re: We have socialised the risk of innovation but privatised the rewards

#121

Earlier quoted context omitted.

The entire point of a patent is to make it publicly available while funneling money to the patent holder (who is presumably the inventor). That's the entire point . That's why the patent system exists . To say something is patented is the same as saying it's publicly available.

The point of a patent is to exclude others from using intellectual property, not to make it "publicly available": https://en.wikipedia.org/wiki/Patent#Effects To quote the supreme court: "A patent is not the grant of a right to make or use or sell. It does not, directly or indirectly, imply any such right. It grants only the right to exclude others." The point is to provide some temporary protection for inventors in…

That's the point from the inventor's perspective, yes. If an inventor wanted it publicly available, she'd just publish it. That's generally how science happens. For an inventor, a patent is a way to guarantee ownership of proceeds.

A government, however, doesn't actually care if the inventor gets paid. The government provides a patent office in order to make inventions public. In return, it provides what the inventor wants: a way to defend ownership.

Notice that you cannot patent something without making it publicly available. It's not possible. If exclusion from intellectual property was the only goal, this would not be true. You should be able to register your invention with the government and reference it in court, only divulging its details when the facts of the case demand it.

Re: We have socialised the risk of innovation but privatised the rewards

#122
post #114

Earlier quoted context omitted.

This reads as little more than pure emotion coupled with sweeping universalizing--the state is universally evil, private capital is universally good. Absolutely nothing about states or capital investors can be so easily reduced to such a binary conclusion. Private capital, and the humans who administer it, has repeatedly mismanaged funds, and been responsible for enormous fuck-ups that have far-reaching and devastati…

>" The state does not take money. We no longer live under feudalism, friend. We no longer labor under the unquestionable divine right of kings. The modern democratic state is, by the free association and choice of its underlying organizational units, and the continued consent of its citizens, asked to assume the role and responsibilities, at least in the US, of the following: " And what if we do not consent? I certai…

I am genuinely confused at what "fancy words and ideas" you think I've used to make the state "noble". I was not advancing a defense of the nobility of the state. I was specifically responding to the full implications of the parent's comment with regard to allegations that a democratic state created and consented to by the people takes money and that VCs running the show would be such an improvement. There are no fancy words there.

> And what if we do not consent? I certainly don't, and yet I have no where to go. You call it freedom of association, I call it compliance under the threat of imprisonment.

Out of curiosity, how much that is afforded you by the existence and operations of a state--be it a member state or the federal state--can you look at and honestly say you both rely on and utilize, despite these ideals you espouse? Of that which the state provides in the course of fulfilling its duties to its citizens, and in its pursuit of the ideals of those whom its citizens elect to represent them, how much do you diligently deny yourself and decline to enjoy in the interest of remaining true to your ideals?

You say you do not consent, and I'm quite curious as to how diligently you live your life according to this principle.

Let's imagine you are faced with a decision to diligently stay off all state-funded roadways, or to use them instead. If you use them, do you deny that this provides a tacit consent to the social, political, and moral obligations that are inherent in funding these roadways? Do you argue that there is some social, political, or moral justification for using the common roadways freely, while also arguing there is justification for refusing to submit to funding them?

Alternatively, let's imagine some tragic accident befalls you, resulting in a need to seek medical care. Do you live out your refusal of consent of the obligations of citizenship and likewise resign yourself to not seek out medical care? You will likely have to travel to the hospital, and perhaps even use the state roadways that connect to it, perhaps even in an emergency vehicle that is funded by the state. If you truly deny that you consent to the authority of the state and the obligations of citizenship, then you obviously must deny yourself use of these state-provided things, yes? Surely you wouldn't argue that a person would be in the right to take advantage of these things provided by the state, and then, when the bill comes due, claim you have not consented, would you?

Because if, even in these simplest of scenarios, one denies that one created for oneself source(s) of obligation and tacit consent, then that person is just making it clear s/he desires to be an asshole, who wants the world to operate on his/her terms. That kind of person wants to freely enjoy the benefits of the state's operations, without being bothered to help foot the bill when able. (I am very much ignoring, for the sake of a simplistic dialogue, leaving out the condition of being unable to help shoulder the financial burden).

---

You present this idea of a "place where free people can go to pursue actual free-association through peaceful means". In what way can you explain this to be a free-association that is more real than the free association people operate under as citizens of a liberal-democratic state that guarantees a legitimate level of freedom, justice, and equality? Do you deny this other place you dream of would be yet another polity, yet another state? Are you simply not happy with the selection of liberal-democratic states that exist in the world, all trying in their own way to obtain the ideals of liberty, equality, justice, and a good life for their peoples? Because you are most certainly free to renounce your citizenship and pursue life elsewhere, are you not? I mean, you appear to be advancing a very hard-line notion of being actually free. And, as far as I know, there is no threat of imprisonment that prevents you from renouncing your citizenship. Sure, there are some nasty and punitive financial obligations of doing so in the US, but you won't be imprisoned. So, at least you've got that going for you.

Re: We have socialised the risk of innovation but privatised the rewards

#123

Earlier quoted context omitted.

The point of a patent is to exclude others from using intellectual property, not to make it "publicly available": https://en.wikipedia.org/wiki/Patent#Effects To quote the supreme court: "A patent is not the grant of a right to make or use or sell. It does not, directly or indirectly, imply any such right. It grants only the right to exclude others." The point is to provide some temporary protection for inventors in…

That's the point from the inventor's perspective, yes. If an inventor wanted it publicly available, she'd just publish it. That's generally how science happens. For an inventor, a patent is a way to guarantee ownership of proceeds. A government, however, doesn't actually care if the inventor gets paid. The government provides a patent office in order to make inventions public. In return, it provides what the inventor…

Is something "publicly available" if you can be sued for using it? That's the case for patented material for the 20 years before it expires.

There's a difference between the details of the invention being known and it being available for use. In the case of Google, it cost them $300M to license the PageRank algorithm because Stanford owns the patent (despite its inner workings being widely known).

Re: We have socialised the risk of innovation but privatised the rewards

#124
post #49

Socialised risk and privatised reward is how government should work. Universal health care is a good example: I am the most obvious benefactor of my own good health, but society also benefits from having healthy citizens. Revenue generation is only the goal of government so that it can support its citizens.

Socialised risk and privatised reward is how government should work.

Banks take (less than they used to, since some legislation was brought back) insane risks because they know Joe public will cover disastrous losses when it goes wrong, and the bankers can keep the massive profits when they get lucky. Socialised risk, private profit.

Re: We have socialised the risk of innovation but privatised the rewards

#125

Earlier quoted context omitted.

That's the point from the inventor's perspective, yes. If an inventor wanted it publicly available, she'd just publish it. That's generally how science happens. For an inventor, a patent is a way to guarantee ownership of proceeds. A government, however, doesn't actually care if the inventor gets paid. The government provides a patent office in order to make inventions public. In return, it provides what the inventor…

Is something "publicly available" if you can be sued for using it? That's the case for patented material for the 20 years before it expires. There's a difference between the details of the invention being known and it being available for use. In the case of Google, it cost them $300M to license the PageRank algorithm because Stanford owns the patent (despite its inner workings being widely known).

> Is something "publicly available" if you can be sued for using it?

Yes.

> There's a difference between the details of the invention being known and it being available for use.

"You have to pay for it" doesn't equate to "it is not available". You can argue that it's an exorbitant price, but Google is paying for it.

Re: We have socialised the risk of innovation but privatised the rewards

#126
> Where are Xerox Park and Bell Labs today?

Bell labs was financed because AT&T had a monopoly status on landlines; whatever the costs, AT&T could just raise fees for a cent and cover all expenses. AT&T lost its monopoly so it could no longer pay for Bell labs.

so this monopoly status was good for Bell Labs, but it also covered up the many gross inefficiencies of a monopoly body and it did limit competition - and growth.

> I believe the green economy merits much more funding than it is currently receiving by government

I suspect that this is a value based judgment.

Who is to know if the next growth period will rather be based on nano technology, or maybe will be based of artificial intelligence? I guess that civil servants are in a bad position to make such judgments, because they bear little personal responsibility for their decisions.

If one looks at the internet boom, then one can discern many stages here:

- first was the fundamental research that explored the subject of packet switching networks; this was funded by the US military - next was the gradual development of networking technology, which took some ten-fifteen years. Here there were many actors, part of them from research and part from industry - next came the first boom-bust cycle of the nineteens; whatever one thinks of it, it helped to build the required networking infrastructure for wider adoption and it helped to create many technologies that were important for the next stage. - next came the present growth based on targeted advertising / private sector surveillance based on social networks.

No one actor could have directed this process; public sector did facilitate basic research, it created the prerequisites for growth, but actual growth was still several steps away from that; at any of these stages it could have been stopped by some misguided policy decision.

Prof. Mazzucato seems to underestimate the risks that entrepreneurs had to take during this process; Research financed by the public sector is a prerequisite for growth, but state dirigims would not have led to it either;

Dirigism in France created the minitel network, but that is not quite the internet of today.

Re: We have socialised the risk of innovation but privatised the rewards

#127
post #2

i use that exact same phrase every time anyone tries to include me on a discussion about tipping. (and then promptly leave said discussion)

Care to elaborate? I don't quite follow.

restaurant owner pass the same risk of failure to the servers (no client, no sales, no food on your plate end of month) in exchange of no extra benefit (if restaurant goes really well, they will probably have to add more servers, keeping the larger profit for owner, but cutting your tips in half, hence, server has no benefit if restaurant is an overnight success)

Re: We have socialised the risk of innovation but privatised the rewards

#128

Earlier quoted context omitted.

Is something "publicly available" if you can be sued for using it? That's the case for patented material for the 20 years before it expires. There's a difference between the details of the invention being known and it being available for use. In the case of Google, it cost them $300M to license the PageRank algorithm because Stanford owns the patent (despite its inner workings being widely known).

> Is something "publicly available" if you can be sued for using it? Yes. > There's a difference between the details of the invention being known and it being available for use. "You have to pay for it" doesn't equate to "it is not available". You can argue that it's an exorbitant price, but Google is paying for it .

To be clear, according to the supreme court, "It grants only the right to exclude others". So it's a misunderstanding to say "The entire point of a patent is to make it publicly available while funneling money to the patent holder". Sure, patents are often used to release details about an invention while making money off it, but that's just one use case. For example, it can just as well be used as an obstacle to slow down competitors.

Re: We have socialised the risk of innovation but privatised the rewards

#129

Earlier quoted context omitted.

> Is something "publicly available" if you can be sued for using it? Yes. > There's a difference between the details of the invention being known and it being available for use. "You have to pay for it" doesn't equate to "it is not available". You can argue that it's an exorbitant price, but Google is paying for it .

To be clear, according to the supreme court, "It grants only the right to exclude others". So it's a misunderstanding to say "The entire point of a patent is to make it publicly available while funneling money to the patent holder". Sure, patents are often used to release details about an invention while making money off it, but that's just one use case. For example, it can just as well be used as an obstacle to slow…

"To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;"

Re: We have socialised the risk of innovation but privatised the rewards

#130

Earlier quoted context omitted.

To be clear, according to the supreme court, "It grants only the right to exclude others". So it's a misunderstanding to say "The entire point of a patent is to make it publicly available while funneling money to the patent holder". Sure, patents are often used to release details about an invention while making money off it, but that's just one use case. For example, it can just as well be used as an obstacle to slow…

"To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;"

I don't see anything about an invention being "publicly available while funneling money to the patent holder". The "exclusive right" part means the invention is legally the property of the inventor. Others can improve on it, but there is no guarantee the public can use the actual invention until the patent expires.
Post reply on HN