Director saw patents as crucial to creating and maintaining industrial monopoly.

Evidence

Regarding industrial monopoly, although Director maintained that international trade normally provided a check on industrial monopoly, he admonished that this was not a sufficient check. Antitrust law was also needed to play a critical role. Concerning the United States, Director indicated that antitrust law had lessened but not eliminated private monopoly. He suggested that heightened antitrust enforcement and additional policy measures were necessary to deal with the substantial extent of industrial monopoly. For Director, additional policy measures were needed to target patent law and to address the inequality of income and inequality of wealth that stemmed from exercised monopoly power. Regarding patent law, he stated: “A study of the American antitrust cases discloses the crucial importance which patents on inventions have played in creating and maintaining industrial monopoly.” Regarding the inequality of income and wealth, he asserted, “Some of the existing income inequality of income and inequality of wealth reflects the monopoly power of industry.” — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1092

Categorization

• XREF: connects to: Even hardcore IP advocates conceded patents chiefly protect monopolies — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 193