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How much investment in music is made because the labels know a certain proportion of their music will continue providing revenue for a few decades (and thus a higher total revenue)? Extended terms also reward those investors in successful bands with additional capital, even if they didn't factor that long term into their decisions.
Originally posted by Kuciwalker
Regardless, if your only argument against the current system is the length of the terms, you haven't provided a very convincing justification for your piracy.
That's not my only argument, son. Pay attention.
Price discrimination based on wait time is an improvement, but not a full improvement. Ideally the music company would be able to charge me only what I was willing to pay for their album. They aren't able to do that, however, so I don't buy many albums (even before p2p was available I didn't). If it was up to music companies, it would be decades before almost any albums reached a level where I'd be willing to pay for them.
Article I, Section 8, Clause 8. I quoted it in full. The purpose of copyright was to encourage creativity by remunerating the artist over a limited period of time. The fact that some white guys in suits are still making money off of Hendrix recordings is not what the Founders had in mind.
"I have as much authority as the pope. I just don't have as many people who believe it." — George Carlin
Originally posted by Kuciwalker
How much investment in music is made because the labels know a certain proportion of their music will continue providing revenue for a few decades (and thus a higher total revenue)?
I'm afraid you overstate the importance of capital investment, especially in the music industry. You can make a much better case for the film industry and pharma companies.
Originally posted by KrazyHorse
Price discrimination based on wait time is an improvement, but not a full improvement. Ideally the music company would be able to charge me only what I was willing to pay for their album. They aren't able to do that, however, so I don't buy many albums (even before p2p was available I didn't). If it was up to music companies, it would be decades before almost any albums reached a level where I'd be willing to pay for them.
My not listening to that music is lost utility.
Providing that music for free to everyone, though, causes even more losses in utility.
Article I, Section 8, Clause 8. I quoted it in full. The purpose of copyright was to encourage creativity by remunerating the artist over a limited period of time. The fact that some white guys in suits are still making money off of Hendrix recordings is not what the Founders had in mind.
The artist usually is. What the artist is paid up-front (in addition or instead of royalties) is determined by the expected value of the work over its lifetime.
Originally posted by KrazyHorse
I agree with you. But just because the current IP law is better than no IP law at all does not mean that it's even close to "ideal"
I think it's pretty close to optimal, within a quantitative adjustment (to the length of copyright).
Originally posted by KrazyHorse
As a matter of fact, I think that the copyright and patent systems are overly simplistic. They're crying out for reform.
Patents are... different. But few here even know what the important problems are, and none of us are actually violating patents.
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