Contrary to the real estate business, where the system favors the concentration of wealth in only by just a few economic agents, intellectual property has the virtue of being more democratic. With an insatiable, curious, irreverent and inspired intelligence, anyone may can create wealth. The power of the mind is huge enormous.
Of course, one can argue that this is a romantic idea of intellectual property rights which is still true. Huge sums of money invested in research and development and a length, time-consuming process is behind every new drug or brand. Nonetheless, our principle contention remains: It is possible for an individual with little financial resources to create something that might change the world or can become trendy. All one needs to do is to think up with some new and creative concept or product and, if possible, to protect that idea by using intellectual property rights registration.
Intellectual property cannot be held and touched like a physical object such as a table or a cell-phone. Intellectual property cannot be discerned using the remaining senses since we are not able to smell or to hear intellectual property. We can only understand or apprehend through the intellect. So Intellectual property does not exist by itself. It exists only because we believe it exists. This represents the second link between intellectual property and democracy: the only way to protect intellectual property is to entrust this protection to a democratic state. Otherwise there will be no means to react against misappropriation. In addition, we should see the second part of this link between intellectual property and democracy: it is only possible for creative thinkers to operate in a country where there is freedom and a good education system supported by the government. Actually, we already know the impact of dictators on the great thinkers. They have always been considered as persona non grata by them. In the end, it is easier to control an ignorant society than a well-educated one. The examples of the scientists Giordano Bruno and Galileo Galilei, who were condemned by the Church for thinking differently from the meeting-house, is a case in point. Actually, "only God knows" the terrible negative impact on development that the Inquisition had in Europe.
Intellectual property is based on private monopolies. Arising from the former royal privileges, intellectual property rights allow their owners to prohibit third parties from using their...