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How Corruption Is Strangling US Innovation

hype7 writes "The Harvard Business Review is running a very interesting piece on how money in politics is having a deleterious effect on U.S. innovation. From the article: 'Somehow, it seems that every time that [Mickey Mouse] is about to enter the public domain, Congress has passed a bill to extend the length of copyright. Congress has paid no heed to research or calls for reform; the only thing that matters to determining the appropriate length of copyright is how old Mickey is. Rather than create an incentive to innovate and develop new characters, the present system has created the perverse situation where it makes more sense for Big Content to make campaign contributions to extend protection for their old work.if you were in any doubt how deep inside the political system the system of contributions have allowed incumbents to insert their hands, take a look at what happened when the Republican Study Committee released a paper pointing out some of the problems with current copyright regime. The debate was stifled within 24 hours. And just for good measure, Rep Marsha Blackburn, whose district abuts Nashville and who received more money from the music industry than any other Republican congressional candidate, apparently had the author of the study, Derek Khanna, fired. Sure, debate around policy is important, but it's clearly not as important as raising campaign funds.'"

8 of 391 comments (clear)

  1. Well Harvard... by Anonymous Coward · · Score: 1, Funny

    it was nice knowing you. We'll see how well you do when the rich people stop sending their kids to "that hippy, progressive college."

    captcha: enroll

    (that was funny)

  2. Thank You Captain Obvious by mrbcs · · Score: 3, Funny

    In other news, America seems to be full of people that want money for nothing.

    --
    I'm not anti-social, I'm anti-idiot.
    1. Re:Thank You Captain Obvious by Anonymous Coward · · Score: 5, Funny

      In other news, America seems to be full of people that want money for nothing.

      They also appear to want their checks for free.

    2. Re:Thank You Captain Obvious by Austerity+Empowers · · Score: 5, Funny

      How did we get in such dire straits.

    3. Re:Thank You Captain Obvious by MyFirstNameIsPaul · · Score: 4, Funny

      Copycat responses can really sting.

      --

      I once took an excursion to Reddit, and later HN. Unlimited up/down voting sucks when dealing with a hive-mind.

    4. Re:Thank You Captain Obvious by houstonbofh · · Score: 5, Funny

      Thankfully, like minded people can now come together on the internet and be brothers in arms.

  3. Re:oh boy ! by Gr8Apes · · Score: 2, Funny

    You can't argue that trickle-down economics has been a raging success. The flow of wealth to the masses has slowed to a trickle.

    --
    The cesspool just got a check and balance.
  4. Re:water is wet by Anonymous Coward · · Score: 4, Funny

    "Don't be silly, there are no misattributed quotes on the Internet." -- Mark Twain