3 ms·
>Information like the kind ARM produces[0] is more valuable to society as a whole the more widely it is disseminated. So an artificial monopoly pretending like
by wfjackson 12y ago
>Information like the kind ARM produces[0] is more valuable to society as a whole the more widely it is disseminated. So an artificial monopoly pretending like information is a scarce resource is probably not the best way to compensate them for doing that kind of work.
Doing that without properly compensating ARM is like killing the goose that lays the golden egg. ARM is already trying to make a $20 smartphone. There is already a $25 FF OS smartphone.
http://www.engadget.com/2014/05/06/20-dollar-smartphone/ http://www.engadget.com/2014/05/06/20-dollar-smartphone/
How much does ARM make from such a phone after all the physical costs are taken out? a few cents?
- habitue 12y agoAs someone who once invested in ARM, and has looked at their balance sheets in depth: yes, it's a cent or two per phone. Your unexamined assumption here is that copyright monopolies are the only way to compensate people for work like this. That's not the case.
- msbarnett 12y agoGenuinely curious: what do you think would be some other practical, achievable ways of ensuring that the people at a company like ARM get compensated for their work without "putting the force of the state behind their 'thought-property'"?
- habitue 12y agoWe actually have a bunch of examples since there are many industries which don't have the ability to obtain copyright monopolies or patents (or either). Here's a good list (I hope you'll excuse the libertarian source): http://wiki.mises.org/wiki/Without_Intellectual_Property http://wiki.mises.org/wiki/Without_Intellectual_Property People are making money today doing creating intellectual products without the benefit of copyrights and patents, and they're some of the highest margin industries out there.