“Protecting Intellectual Property” Against China Means Redistributing Income Upward

The New York Times had an article discussing the prospects for U.S. trade relations with China during Biden’s presidency. At one point it tells readers:

“Mr. Biden has given few details about his plans for U.S.-China relations, other than saying he wants to recruit American allies such as Europe and Japan to pressure China to make economic reforms, like protecting intellectual property.” 

Stronger and longer patent and copyright protections have redistributed enormous amounts of income upward ov...