Innovations and Societal Outlook

Authors

  • V. Suganya

Abstract

Societies around the world are also troubled by large inequalities in incomes and wealth. Gini coefficients of income inequality, ranging over 0.5 in many countries, are alarming. More alarming is the inequality of wealth. Ownership of the means of production must be dispersed more widely amongst workers, so that people at the bottom can accumulate wealth too. The IPR system must be overhauled to return it to its original intention, which was to enable knowledge of innovations to be disseminated more widely to multiply its benefits, rather than enabling the perpetuation of intellectual monopolies. Governments must play more effective roles in delivering public services either by providing them or by more firmly regulating businesses that provide them.

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Published

2020-01-29

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Section

Articles