It's no secret that private property rights constitute a natural human right, as well as the foundation for prosperity and innovation across time and geography. And among the forms of private property, it's important to recognize that intellectual property (IP) constitutes a core component.
For proof, look no further than the U.S. Chamber of Commerce's annual International IP Index, which year after year confirms the cause-and-effect relationship between IP protections and prosperity:
The most up-to-date data on the benefits of IP protection reveals that IP is, in fact, a critical instrument for countries seeking to enhance access to innovation, grow domestic innovative output, and enjoy the dynamic growth benefits of an innovative economy. …[more]
Regardless of whether one actually voted for Donald Trump, the spectacle of post-election frenzy by the political left and mainstream media offers a fringe benefit for all conservatives and libertarians to savor.
Case in point: Last week's announcement from Carrier that it had agreed with President-elect Trump and Vice President-elect Mike Pence to maintain hundreds of jobs at its Indianapolis facility rather than relocate them to Mexico. Whereas for the past eight years leftist bien pensants applauded Barack Obama's every intrusion into corporate decisionmaking (see, e.g.…
"President Trump moved Wednesday to fulfill one of his key campaign promises, outlining a dramatic plan to slash taxes for nearly all individuals and businesses and give the tax code its biggest overhaul in three decades. ... Predictably, Democrats like Sen. Chuck Schumer instantly dismissed the proposal with their usual mantra of 'a tax giveaway to the very, very wealthy.' Well, let them propose…[more]