[N]ew-fashioned mercantilism also entails a lopsided trade imposed by the industrial nations on the developing world. In this case, the industrial nations get low-priced finished goods and the societies of the developing world get “our” ideas, for a price — a high price. In other words, if they want access to “our” markets, they must adopt a tough minimum patent and copyright regime; that is, they have to pay a hefty tribute to American and other western companies.Read the rest of my op-ed "The New Mercantilism" at the site of The Future of Freedom Foundation.
Thursday, March 30, 2006
Posted by Sheldon Richman at 7:34 AM