As President Trump moves to implement his “make America great again” agenda, one rather esoteric subject cries out for attention – reversing the Obama administration’s antipathy toward patent and property rights.
Patent rights – a subsidiary of the property right – ensure that inventors, entrepreneurs, and even corporations have an incentive to engage in research and development, to invest the time and money necessary to invent new things which, hopefully, will better life for all of us.
Our Founders understood the patent right to be one of the keys to ensuring the security of liberty – that’s why Article 1, Section 8, Clause 8 of the Constitution itself gives Congress the power to award patents: “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 …”
Or, as James Madison, the “Father of the Constitution,” put it in his December, 1829 “Address at the Virginia Convention,” “It is sufficiently obvious, that persons and property are the two great subjects on which Governments are to act; and that the rights of persons, and the rights of property, are the objects, for the protection of which Government was instituted. These rights cannot well be separated. The personal right to acquire property, which is a natural right, gives to property, when acquired, a right to protection, as a social right.”
Note the significance – “ … the rights of persons, and the rights of property, are the objects, for the protection of which Government was instituted.” Government itself…Read More