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Copyright has nothing to do with compensation. It is a monopoly over the reproduction of an expression of a "creative" thought that the copyright holder may not
by rickydroll 2y ago
Copyright has nothing to do with compensation. It is a monopoly over the reproduction of an expression of a "creative" thought that the copyright holder may not even have created. Enforcing copyright is a way to extract rent.
- hpen 2y agoSo biased
- hpen 2y agoAre you not aware of how music is sold / streamed etc?
- rickydroll 2y agoYes, I am. Music is currently layered by a series of copyrights, including their copyright music copyright, mechanical reproduction copyright, etc. Each stage exists as a layer to accommodate a new technology, and rent is extracted in each stage. Music on physical media, files, or streams is not sold. You rent a "performance license," which permits playing the music on that media. The type of performance license depends on the context in which you are "performing." see: https://www.soundreef.com/en/blog/music-licenses/ https://www.soundreef.com/en/blog/music-licenses/ As I said, copyright has nothing to do with compensation. It creates a monopoly, and the purpose of a monopoly is to enable rent-seeking.
- hpen 2y agoIs it rent seeking if the author owns those rights?
- rickydroll 2y agoyes. let me google that for you. https://corporatefinanceinstitute.com/resources/economics/rent-seeking/ https://corporatefinanceinstitute.com/resources/economics/re...
- hpen 2y agoYour own definition "When an individual or an entity seeks to increase their own wealth without benefiting society". That doesn't sound like music or copyright
- hpen 2y agoYou jump to conclusions in you comment by saying "rent is extracted" and "monopoly". Copyright doesn't necessarily mean "monopoly".
- rickydroll 2y agoyes it does.. see: https://rufuspollock.com/2011/01/31/copyright-is-a-monopoly-and-isnt-like-normal-property/ https://rufuspollock.com/2011/01/31/copyright-is-a-monopoly-...
- hpen 2y agoHa if apple is exlcusively the seller of iPhones, does that make them a monopoly? No because you can buy other phones. And you can buy other songs. No the analogy about rival goods is not a good analogy.