p>The picture below (from this Flickr feed) illustrates the large number of lawsuits between players in the telecom sector–most seem to be patent infringement suits or suits based on antitrust law, i.e., totally without merit and a complete waste of resources. Without patent and antitrust law, we would have a less wasteful, less litigious, more competitive market. This ain’t the result of capitalism, but of unlibertarian state law. (H/t Jock Coats)

Update: For some other interesting charts, see the one below, from Ideas Are Free: The Case Against Intellectual Property.