This week talks about intellectual monopoly and intellectual property. How Watt related to intellectual monopoly?
Before this, let have a reviews for Watt’s first,
James Watt (1698-1782), at nineteen he was sent to Glasgow for learning the trade of a mathematical-instrument maker and he returned to Scotland in 1757 and established his own instrument- making business. Watt soon developed a reputation as a high quality engineer. In 1763, Watt was sent a Newcomen steam engine to repair. This made him start his go into more studies on discovered the ways to make engine more efficient and he finally success produce a steam engine that help him earned money and clear his debts. His stream engine was very popular on the century as the engine was four times more powerful than the original engine which design by Thomas Newcomen.
So, answer to the question: “How Watt related to intellectual monopoly?”
The steam engine that developed by Watt was too powerful that it can help to promote economic development. So, many people started to do further studies on the machine as Watt was the only one who sell the steam machine. To prevent anybody else from making a steam-engine like the one he had developed, in 1755 years, Watt had been granted a patent from Parliament. For the next twenty-five years, they had a virtual monopoly over the production on steam-engines.
Nowadays,
There are still intellectual monopolies which happen on Microsoft and Apple. Apple increasing using patents in an aggressive fashion just like Microsoft. As recently people use jail breaking to unlocking the application which needs to pay in Apple. Although jail breaking of Apple devices was legalized, Apple intends to patent its mechanism which allows it to detect a jail broken iPhone, iPad or iPod and restore it to factory settings.
To know more details, you can refer to this link:
As in the book “Against Intellectual Monopoly”, it reaches the conclusions that are at variance with both sides. There are good and bad for intellectual monopoly.
In the intellectual property:
It divided in to 3 broad types that recognized in the legal systems:
1. Patents
A patent for an invention is the grant of a property right to the inventor, issued by the Patent and Trademark Office.
2. Copyrights
Provide protection for authors “original works of authorship”, including literary, dramatic, musical, artistic, and certain other intellectual works, both published and unpublished.
3. Trademarks
It serves to identify the goods, services, and ideas. Trademark rights used to prevent others from using a confusingly similar mark, but not to prevent others from making the same goods or from selling the same goods or services. It also uses to protect a title, slogan, and other short word phrase too.
As conclusion, I feel that all the intellectual property is the law that uses to protect the author original work and advice people to create and explore for new ideas. It can to produce more creative works to the industry. However, in the consumer sight, it will become not reasonable due to the intellectual property law. Some of the “black heart” businessman will increase the price for the original work as no other people can produce the same things and consumer need to buy in higher rate. So, there are pros and cons for the intellectual property and it will be a long journey for arguing on the existence of intellectual property.



















