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| Naw, patent law doesn't say a thing about price going up.
The general idea of capitalism is competition causes prices to drop. For example Monsanto has a root worm trait and Dow has a root worm trait, as does Syngenta, so competition for market share will cause the cost of those traits to go down. Unless of course, lets say Monsanto and Dow get to getter and collude to fix the price of their respective traits, maybe make up some silly name for this collusion like say "SmartStax" (I don't know how to make that registered mark with my keyboard). Then try and convince farmers and regulator that they are actually doing farmers a favor by colluding. After all they just made a better product. Right?
In this case capitalism does not work the price is fixed and stay artificially high. Wonder what Teddy Roosevelt, would think about this? | |
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Seed Prices
