News.com has This Story on a lecture organized by the American Enterprise Institute and the Brookings Institution., Posner criticized a 1998 law extending the duration of U.S. copyrights. He also attacked the Patent and Trademark Office for granting \”very questionable\” business method patents. They say Posner\’s critique is significant because up to now much of the attack on the steady expansion of intellectual-property rights has come from the left, and the Seventh Circuit judge is a darling of the conservative movement. Posner, a prolific author, is most famous for applying economic analysis to the law.
\”These rights keep expanding without any solid information about why they\’re socially beneficial,\” Posner said. \”At the same time that regulations are diminishing, intellectual-property rights are blossoming–(two) opposite trends bucking each other.\”
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