The first Republican Presidential Debate was enjoyable, if also scary. No mention of patents or invention other than Dr. Carson’s remarks about how American became great:
America became a great nation early on not because it was flooded with politicians, but because it was flooded with people who understood the value of personal responsibility, hard work, creativity, innovation, and that’s what will get us on the right track now, as well.
Patents are configured as a mechanism to encourage R&D and commercial activities. The business related discussion focused instead on undoing regulations that the candidates argue hampers economic activity: Dodd-Frank; EPA Regs; Obamacare; and an “unfair” tax code. The following is from Marco Rubio:
The first thing we need to do is we need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.
We need to have a regulatory budget in America that limits the amount of regulations on our economy. We need to repeal and replace Obamacare and we need to improve higher education so that people can have access to the skills they need for 21st century jobs.
And last but not least, we need to repeal Dodd-Frank. It is eviscerating small businesses and small banks.
At Mizzou, our new Center for Intellectual Property and Entrepreneurship is focusing on the role of regulation (including intellectual property rights) on the business environment for small and start-up businesses. Looking forward to more substantive discussion on this topic.