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Even if it won't be extended, the damage has already been done. Imho this whole complex around "copyright" and "intellectual property" is probably the biggest "
by freeflight 9y ago
Even if it won't be extended, the damage has already been done.
Imho this whole complex around "copyright" and "intellectual property" is probably the biggest "capital bubble" in human history.
Tangible goods are finite on this planet, intangible goods (like IP) are not, so they are the perfect tool for keeping this "perpetual growth machine" aka world economy going, even if actual resources become scarce, we will never run out of ideas to "monetize".
In that regard, I don't think it's a coincidence that most of the developed economies have moved from manufacturing industries, dealing with actual goods and finite resources, to "service industries", where most of the value is generated through "ideas" which are infinite.
It's easy to put a value on something tangible, you can calculate the resources that go in there, the man-hours needed to manufacture it, the costs of the manufacturing facilities. The same does not apply to most intellectual property, its whole value is pretty much an arbitrary estimation with no limiting factors in terms of real-world resources, as such there are no rational limits to how much one could charge for them.