Yes, it is apparently true that Tim Lee is both a libertarian and a technophile. This 32 –year-old man is a PhD candidate in Princeton’s technology and public policy program. He is also a popular blogger who appeared pretty fascinated with solving such seeming paradoxes. He stated that he saw some libertarians who are speaking of tech policy had them all wrong.
While libertarians disapprove of both Republicans and Democrats, Lee said that libertarians should falsify a third way on tech policy. Other libertarians claimed that supporting freedom in both the bedroom and the boardroom is actually not only a practical political philosophy but also a logically consistent one. Speaking of this, Lee argued that techies need to think about what he called ‘the possibility that the open-versus-closed debate could be orthogonal to the free-markets-versus-regulation debate where someone can be either be pro-openness or be anti-regulation.’
When the question runs to the Republican opposition to clear neutrality, Lee stated that the right has stumbled into an oblivious opposition to open networks. Lee made point of view that Republican opposition to unlicensed spectrum or modification of the patent right as similarly ignorant according to what he named ‘a vulgar version of the Coase Theorem.’
Previously, the Coase Theorem has taken en economy expert, Ronald Coase, to win Nobel Prize. The theorem includes the idea that as long as property rights are clearly determined in the market, it can maximize wealth irrespective of who begins to possess the property intended. Also, Lee reported that libertarians often neglect Coase’s critical warning since Coase’s theorem takes the charge only in the absence of transactions costs which are very significant in the real world.
Another critical statement delivered by Lee is that in both cases the government is totally involved in designing the shape of market. In specific, in the discussion related to both patents and copyrights, the law defines the length of a legal monopoly as well as the penalties given to those who break the monopoly. Once it touches the spectrum, the government controls all alternatives including those are used by privately licensed spectrum.