Not only will we get a renaissance in any field we deregulate, it also minimizes the possibility of trade wars erupting. See this:
BEIJING - Some senior executives of multinational pharmaceutical company GlaxoSmithKline (China) Investment Co Ltd (GSK) have been placed under criminal investigation for suspected bribery and tax-related violations, Chinese police said Thursday.
The WSJ fills in some details...
According to the ministry's statement, Glaxo used travel agencies to bribe officials and health industry workers, falsifying tax invoices. In China, employees at corporations are typically reimbursed with cash when they provide their employers with receipts and tax invoices. The statement didn't identify travel agency names.
that is how the game is played in USA. In one method, don't bribe anyone directly, but when they tell a salesperson that they are going to Phuket for vacation, surprise! Upgrades to first class air, hotel, champagne, caviar, side tours, girls... you name it. Utterly untraceable. and then this...
MILWAUKEE - A Chinese scientist accused of stealing a research drug from a Wisconsin medical school and planning to pass it off as his own pleaded guilty Wednesday to a reduced charge of illegally accessing a computer.
So. What we get from patents and monopoly is crime, corruption, restraint of trade, all sorts of wicked actions, all contrary to the spirit of the Patent laws. The crime and corruption is commensurate with the distortion the patents provide.
Then the stakes are high enough for the conflict to get to national levels, and tit for tat downward spiral..
Free trade opens up and makes margins so narrow, fraud it pointless, trade war desultory. We need the free trade unilateral elimination of "intellectual property rights" and we'll see an immediate upward spiral in peace and prosperity. Medicine is a very good place to start.
Feel free to forward this by email to three of your friends.
BEIJING - Some senior executives of multinational pharmaceutical company GlaxoSmithKline (China) Investment Co Ltd (GSK) have been placed under criminal investigation for suspected bribery and tax-related violations, Chinese police said Thursday.
The WSJ fills in some details...
According to the ministry's statement, Glaxo used travel agencies to bribe officials and health industry workers, falsifying tax invoices. In China, employees at corporations are typically reimbursed with cash when they provide their employers with receipts and tax invoices. The statement didn't identify travel agency names.
that is how the game is played in USA. In one method, don't bribe anyone directly, but when they tell a salesperson that they are going to Phuket for vacation, surprise! Upgrades to first class air, hotel, champagne, caviar, side tours, girls... you name it. Utterly untraceable. and then this...
MILWAUKEE - A Chinese scientist accused of stealing a research drug from a Wisconsin medical school and planning to pass it off as his own pleaded guilty Wednesday to a reduced charge of illegally accessing a computer.
So. What we get from patents and monopoly is crime, corruption, restraint of trade, all sorts of wicked actions, all contrary to the spirit of the Patent laws. The crime and corruption is commensurate with the distortion the patents provide.
Then the stakes are high enough for the conflict to get to national levels, and tit for tat downward spiral..
Free trade opens up and makes margins so narrow, fraud it pointless, trade war desultory. We need the free trade unilateral elimination of "intellectual property rights" and we'll see an immediate upward spiral in peace and prosperity. Medicine is a very good place to start.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment