President Barack Obama has encountered a torrent of opposition for his use of what the Wall Street Journal’s Kimberly Strassel shrewdly described as Four Little Words: “You didn’t build that.” The President used these words to show that private success rests on public infrastructure. But in so doing, he slighted the importance of private initiative and innovation. The pushback has been enormous.
Right now, the patent system is also under major attack from a large number of scholars and judges who think that the way to industrial progress lies through an expanded public domain.