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Libertarian ideology regularly goes too far. Yes some IP is obstructive and rentseeking but some is justified as an incentive for the development of new ideas and creative work. Without IP some projects would not be viable unless funded by taxes. It is a question of balance- something Libertarian ideology, as an extremist ideology, lacks.
I think somebody has thought about that and that's why ip rights and patents expire and are not perpetual. Whether this is the perfect system I don't know.
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