The biggest problem is intellectual property. Copyright lasts life + 70 years and patents last 20 years. That&#x27;s a long time to have a legal monopoly on something, and is partly why companies are so big and can behave so badly.<p>Innovation comes through competition, not monopoly. Ideally, we&#x27;d eliminate patents and copyrights altogether, but as a compromise, I think having terms of 3 years, with no renewals, is fair. That way a business can capitalize on what it creates and get a 3 year head start on competition, but you still get competition fairly soon which benefits consumers.