Techdirt on the US’s interpretation of free trade and what it’s doing to poorer countries:

the US is using free trade agreements around the world to force US-style intellectual property rules on the rest of the world — often at tremendous harm to those countries. It’s doubly ironic when you realize that intellectual property rules are the exact opposite of free markets. They’re government-backed monopolies that benefit the monopolists, generally at the expense of everyone else. The New Yorker piece does a good job highlighting Josh Lerner’s research that strengthening patent laws has no impact on increased innovation, and there’s almost no connection whatsoever between copyright law and creative output. In other words, the exact reason for the laws (to put in place incentives for innovation and more creative content) aren’t supported at all by history.

Go to the actual post to read about how this is impacting the third world. Our greed is disgusting.