Friday, January 28, 2011

Information Feudalism

My esteemed senior colleague John Holbo: "What strong IP protection generates is not a free market but something more like information feudalism: a market-unfriendly clusterfuck of fiefdoms and inescapably inefficient lord-vassal terms-of-service arrangements that any friend of freedom, in any ordinary sense, ought to look upon with disgust."

To add to the metaphor, if copyright protections on something last the author's life plus 50 years, there'll be a hereditary copyright nobility who enjoy the vast riches won by their ancestors without having to produce anything useful themselves.
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