Pull Quote: Steve Jobs and the Importance of Protecting Private Property

by Mike Wendy on October 21, 2011

This Steve Jobs quote, taken from Ed Nash’s WSJ opinion piece entitled, “How Steve Jobs Saved the Music Industry,” describes the importance of maintaining strong private property protections so that innovation may prosper:

“If copyright dies, if patents die, if the protection of intellectual property is eroded, then people will stop investing.  That hurts everyone.  People need to have the incentive that if they invest and succeed, they can make a fair profit.  Otherwise, they’ll stop investing.  But on another level entirely, it’s just wrong to steal…”

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