Saturday, August 25, 2012

Regulation

Apple and Samsung face mutually assured destruction in South Korea because of patents.
"Apple and Samsung both face sales bans in South Korea following a ruling from a panel of judges in Seoul that the electronics companies have infringed on each other’s patents."
"According to PCWorld, the iPhone 3GS, iPhone 4 and the first and second generations of iPad tablets can no longer be sold, along with the Samsung Galaxy S, SII, Galaxy Tab or Galaxy Tab 10.1."
This shows the absurdity of giving government the power to ban innovation. Apple, Samsung and consumers all lose. The only winner is government because the politicians and bureaucrats profit from this baloney.

Apple wins $1 billion award from Samsung in the US. The US is government is using patents to grant Apple a monopoly. This is a good reminder that monopolies can't happen in a free market. They are always created by government.

No comments:

Post a Comment