Comment Re:Time Limits (Score 1) 979
Physical resources should be in the hands of those who can use them most productively. The best way to determine that is the market: who will pay the best price. Yes, the situation at the start is always messy, but with a system with strong property rights, eventually the land will be placed in the most productive use.
Intellectual works can be even more valuable than physical resources. Lack of protection for intellectual property sounds nice but removes the incentives to its creation. Realize that a single invention can make a huge difference, for example:
- A genetically-modified crop that can double harvests.
- The cure or treatments for malaria, cancer, AIDS.
- Bio-enginered bacteria that can create ethanol from cellulose, or hydrogen from sunlight.
- Real artificial intelligence.
Such inventions can make the difference between life and death for millions, feed the hungry, enable us to reach other planets, etc. Do you want to take chance and snuff out the possibility of something like that getting invented? Why? Because of our envy that a single person or corporation may get so much richer than us?
If some noble inventor wants to give away his cure for cancer, more power to him, but I'd rather make him a billionaire and have the cure, than have nothing.