Monday, November 23, 2015
Copyright basis draws the question of whether copyright law is based on government granting a monopoly, if you will, vis-à-vis against any other potential entrepreneur. Many see it that way and tend to deny copyrights having a proprietary property right for the creator of the work. Historically the value of crafting an idea composed was germane to the creator of the work. Copyright basis then can be said as a way of respecting the ownership of the work and the evolving value ascribed to the work by the market among competitors.
The beauty of the copyright basis engenders a scheme, so-to-speak, to value how innovation imposes on products in the marketplace. It is the writer’s imputed value into the work, innovating and expressing its views and or research. But the valuation of one’s private property right is based on the works’ contribution to the marketplace. The argument inclined toward characterizing such a right as a monopoly is not necessarily off base; yet, the government’s role has played a key role to protect that property right. What is important to conceive is that in a system where innovation is valued and given respect amid other’s private property rights, the inherent ‘monopoly’ held by the creator is essential to competition and the continued wave for innovation.
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