Comments on: How the world benefits from Chinese piracy http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: coupondekho http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-55708 Mon, 20 Oct 2014 11:46:14 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-55708 I’ve continue to keep found this blog to be very helpful and educational. Keep pace the good function and putting up the appropriate things

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By: traducere romana daneza http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-53462 Mon, 29 Sep 2014 13:55:35 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-53462 Which means that, Game master Jari Kurri, You never know a tiny little somethin in regards to playing golf some of the most important send align, Would be the actual other hand seat because within your click box and can run the ahead long run along with even when an additional admin functions safety the. The 4th guide this standard may possibly be the goalkeeper. Finland was being the on the innovative feeling goalkeeper motor coachs for everybody clubhouse competitors so this is smart.

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By: natyshow http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47584 Sat, 06 Jul 2013 12:15:14 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47584 very funny
China has weibo BECAUSE they can’t use twitter or facebook
they use Youku BECAUSE they are not able to access Youtube
it is a tyranny state without freedom and rule of law
and you are suggesting that they have no need to promote intellectual property law?

you talk about Benjamin Franklin, i am wondering if they had the idea of intellectual property at that time, how can you compare him with China?

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By: TheBrett http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47473 Tue, 25 Jun 2013 23:03:57 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47473 RE: Steve Hamlin

So what if the Pharmaceutical Industry spends money on marketing? They spend a higher fraction of their budgets on R & D than any other industry except for semiconductors.

Frankly, I’m inclined to be skeptical of alternatives until they actually show some promise in full drug development (i.e. from finding candidates all the way through clinical trials) on anything resembling scale. If you want to see what a pharmaceutical industry looks like without patent protection for decades, go to India – they finally started protecting drug patent rights because nobody was doing pharmaceutical innovation in the country despite actually having a pharmaceutical industry.

RE: mfw13

The problem is that what you might consider a “reasonable” price is not the price that would actually make it worthwhile to spend money producing much of this stuff.

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By: realist50 http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47472 Tue, 25 Jun 2013 22:26:46 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47472 “If Hollywood priced DVD’s at a price the market was willing to bear, for example, there would be no market for pirated versions. Likewise with digital TV shows/movies…if Hollywood made them available via Netflix or other similar platforms at a reasonable price a day or two after they aired on TV, demand for free pirated downloads would also largely disappear.”

@mfw13 – that economic argument doesn’t work. For works with high fixed costs of development and extremely low variable costs to copy – entertainment products and software both come to mind – a pirated copy is going to be able to undercut the original producer. The pirate only has to cover a low variable cost for each copy, while the original producer also has to recoup a portion of the fixed development cost from each sale.

Also see plenty of other discussions – including on this site – about how Netflix’s $7.99 per month isn’t going to pay for anything like the current budgets spent to produce TV shows and movies.

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By: mfw13 http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47471 Tue, 25 Jun 2013 21:57:09 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47471 I think that one of the things that most Americans don’t realize is that many non-western countries and cultures do not have the same concept of intellectual property as the US does.

I currently live in China, for example, a country where private property did not even exist from roughly 1949-1979, let alone intellectual property, and where the logic of first use doctrine (once I pay for something, I should be able to do anything I want with it) predominates. So most Chinese therefore see nothing wrong with copying/pirating items, since this does not violate first use doctrine in their eyes.

Likewise, let’s not forget that piracy exists only because rent-seekers seek too much rent. If Hollywood priced DVD’s at a price the market was willing to bear, for example, there would be no market for pirated versions. Likewise with digital TV shows/movies…if Hollywood made them available via Netflix or other similar platforms at a reasonable price a day or two after they aired on TV, demand for free pirated downloads would also largely disappear.

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47470 Tue, 25 Jun 2013 20:40:14 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47470 Amen to FifthDecade for calling out the obvious fallacy that Reuters would obviously fight to defend their IP but it is some how different for tech or medicine.

@SteveHamlin I read once on the internet that Statins (Lipitor and the like) have prevented over 1 million heart attacks. Rent seeking as Pfizer might have been it’s hard to argue with the results.

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By: craigyk http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47469 Tue, 25 Jun 2013 19:49:13 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47469 @SteveHamlin

Yeah, most of the cost of research and initial testing is paid for by the public. Pharma does pay a LOT for clinical trials though.

I don’t think it’s realistic to expect pharma to keep their margins going forward, so realistically, this means that the US government is going to need to do something about reducing the cost of trials. Perhaps allow drug trials to be outsourced as well… that way the same countries that want to produce cheap generics can bear some of the risk in determining their safety and efficacy as well.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47468 Tue, 25 Jun 2013 19:34:21 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47468 @FifthDecade: “a pharma product needs to be able to make $500 million per year in revenue to pay for all the costs of discovering and producing it”

and the even-higher costs of marketing it.

Big Pharma spends more on marketing than on basic research (new molecule discovery). Short of a lifesaving drug that is somehow little-known, only the latter is socially useful, while the former is pure rent-seeking.

It is very arguable whether monopoly patent protection is the most effective or efficient way to innovate new drugs. It is not arguable that it is a good way to deliver rents to pharmaceutical companies.

See: http://www.cepr.net/index.php/blogs/beat -the-press/tyler-cowan-recognizes-public -health-problem-of-pandemics-more-money- for-drug-companies (brief)

or

http://www.cepr.net/index.php/Publicatio ns/Reports/financing-drug-research-what- are-the-issues (long)

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By: normxxx http://blogs.reuters.com/felix-salmon/2013/06/25/how-the-world-benefits-from-chinese-piracy/comment-page-1/#comment-47467 Tue, 25 Jun 2013 18:36:42 +0000 http://blogs.reuters.com/felix-salmon/?p=22150#comment-47467 Or, they could reduce their advertising budgets which exceeds their R&D budgets by a substantial amount! And why is this necessary!?! To sucker in unsuspecting doctors and patients with drugs that are often less (or little more) effective than those already in use but with a far smaller profit. US Big Pharma gets anywhere from several time the $$ amount per drug to thousands of times– far, far greater than anywhere else in the world. No wonder they have to use the government to protect them from reasonable competition at the borders. (Domestically, they buy off the generic manufacturers of drugs to avoid competition– even after their patents run out.)

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