Inequality And Patents

Dean Baker, in the March issue of the American Prospect (Yes, I am about 3 months behind in my magazine reading – I’ve been busy!) wrote something that surprised me:

In a recent paper, the Organization for Economic Co-operation and Development found that by far, the largest single factor contributing to the growth of wage inequality over the last three decades was the amount of patent rents earned in a country. Remarkably, few progressives pay any attention at all to patent and copyright policy, despite the enormous sums at stake and the huge impact that such policy has on inequality.

Really? “by far”??? Wow.

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