The Modern Economy Is Rigged With Dean Baker
Lead-Lag Live
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Is Intellectual Property a Major Driver of Income Inequality?
Ashley Judd: I want you to lay out your thesis on how intellectual property is really the biggest driver or one of the major drivers of income inequality in the US. We pay a huge amount of money for prescription drugs and it goes into the pockets of one, the drug companies. But also a lot of the workers at the drug companies have a lot of highly paid workers at a place like Moderna or Pfizer who have STEM skills. And that's in many, many other sectors. So this is a major source of inequality that you have. Some people are getting very, very rich because we have patents, copyrights and other types of protection. The fact that we choose to apply
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