Washington Times: Wright on Role of U.S. in Protecting Patent Rights
Professor Joshua Wright and U.S. Representative Jim Jordan co-authored a piece in the Washington Times, calling for U.S. antitrust agencies to become global leaders in embracing strong intellectual property rights.
The stakes are high, not just in the United States but globally. There is a disturbing trend among nations around the world to use antitrust laws to devalue IP rights. This trend includes the increasing use of antitrust measures to defend nationalist goals instead of competition and consumers. For example, last year, China’s antitrust authorities flexed their muscle by imposing a near-billion-dollar antitrust fine against a leading U.S. developer of wireless communications technologies for its patent-licensing practices. Since then, several countries have followed suit, announcing their intentions to adopt or impose antitrust rules that would diminish the value of patents essential to interoperability standards, such as the 3G and 4G standards critical to innovation in wireless markets.
The United States can and should play an important role to curtail this trend. In the 1990s, the U.S. FTC and DOJ took the lead in renouncing anti-innovation policies in favor of a more analytical approach that rejected special antitrust rules and presumptions against intellectual property. That leadership is required once again to undo the Obama administration’s policies devaluing IP rights in the United States. We need to defend IP rights at home if we wish to speak credibly about their importance in China, Korea, Taiwan and around the globe.
Leadership needed to undo attacks on patent rights, Washington Times, February 23, 2016. By Rep. Jim Jordan and Joshua D. Wright.