Frontiers of Freedom has long been a leader in protecting property rights. Our Constitution provided for property rights for physical property and for intellectual property. And with good reason. America became the world’s most innovative and economically powerful nation because our Founders grasped the importance of property rights and created a system that incentivized creativity, innovation and the productive use of such property.
Sadly, some foolishly think that property rights are old fashioned or that everything should be free. But these folks miss the point that if new innovations were free, we would see far fewer innovations. That would mean fewer new life sustaining medications, fewer new movies, less new music, and fewer new electronic devices and gadgets. Imagine if someone argued that food is so important that everyone should be able to get it free and simply walk into grocery stores and restaurants and grab whatever food they want. How long would food be available? How long before grocers and restaurants close down? That’s the point. We need to incentivize the production of the things we want and need and we need to encourage innovation.
For this reason, Frontiers of Freedom was part of a group that sent the following letter to Capitol Hill hoping to highlight the importance of intellectual property rights. [Read more...]