Thursday, November 7, 2013

The Corporate IP Hoard

One of the critical components of the intellectual property debate is the question of how differently we should treat individuals and corporations. Most people seem to agree that it's reasonable for individuals to expect ownership of their own work for as long as until their death. But corporations are more prone to hoard their intellectual property for as long as they possibly can. This hoarding was not part of the original intent of intellectual property: the intent was to promote innovation (hence why ideas can be owned in the first place) and to improve our country's general technical well-being. Right now, we have a system that does the first, but not necessarily the second: companies have inadequate incentive to let intellectual property go so the rest of the country can eventually use it.  

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