It's true that the private sector can innovate, but there is quite a body of literature that also suggests that the private sector is not properly incentivized to conduct R&D either, especially with respect basic research.
It's something I've tried my hand at "solving" with patent buyouts and other incentive mechanisms.
The Wright Brothers used government power to stop others from innovating in aviation. They serve as an excellent example of how intellectual property (be it copyright or patents) work to slow innovation down. https://time.com/4143574/wright-brothers-patent-trolling/
It's true that the private sector can innovate, but there is quite a body of literature that also suggests that the private sector is not properly incentivized to conduct R&D either, especially with respect basic research.
It's something I've tried my hand at "solving" with patent buyouts and other incentive mechanisms.
The Wright Brothers used government power to stop others from innovating in aviation. They serve as an excellent example of how intellectual property (be it copyright or patents) work to slow innovation down. https://time.com/4143574/wright-brothers-patent-trolling/