Love As Arson
10/13/07, 05:21 PM
It's long past time for a little reality check. Copyright dates back to 16th century Venice. It was a mechanism for allowing writers to profit from their work by giving them a state-enforced monopoly. It has continued since that time, with the state-granted monopoly being extended both in scope and duration. Copyrights now cover music, movies, video games, and a wide range of other material. The duration has also been repeatedly extended so that copyrights in the United States now persist for 95 years after the death of the author.
While copyrights do provide an incentive for creative work, they are an extremely inefficient mechanism for this end. It is most efficient when items are sold at their marginal cost. Economists generally get infuriated about the economic distortions that are created when tariffs of 10 percent or 20 percent are placed on items like steel or clothes. In the case of copyrights, material that could otherwise be transferred at zero cost, instead commands prices of $15 for CDs, $30 for movies, and even higher prices for other items, entirely because of the government-granted monopoly. For this reason, the economic distortions created by copyright dwarf the economic damage caused by other forms of trade protection.
There are many other mechanisms for supporting creative work, such as university funding (most professors are expected to publish in addition to their teaching), foundation funding, or direct public support. It is easy to design alternative mechanisms to expand this pool of non-copyright funding, such as the Artistic Freedom Voucher, which would give each person a small tax credit to support creative work of their choosing.
With the entertainment industry getting increasingly out of control, it is important that we start to develop better alternatives to copyright. We need to think of how we should support creative work in the 21st century and not let the entertainment industry drag us back into the 16th century.
http://www.zmag.org/content/showarticle.cfm?SectionID=105&ItemID=13993
What are your thoughts on copyright laws? Are they outdated? Should artists seek out other methods to profit from their work?
While copyrights do provide an incentive for creative work, they are an extremely inefficient mechanism for this end. It is most efficient when items are sold at their marginal cost. Economists generally get infuriated about the economic distortions that are created when tariffs of 10 percent or 20 percent are placed on items like steel or clothes. In the case of copyrights, material that could otherwise be transferred at zero cost, instead commands prices of $15 for CDs, $30 for movies, and even higher prices for other items, entirely because of the government-granted monopoly. For this reason, the economic distortions created by copyright dwarf the economic damage caused by other forms of trade protection.
There are many other mechanisms for supporting creative work, such as university funding (most professors are expected to publish in addition to their teaching), foundation funding, or direct public support. It is easy to design alternative mechanisms to expand this pool of non-copyright funding, such as the Artistic Freedom Voucher, which would give each person a small tax credit to support creative work of their choosing.
With the entertainment industry getting increasingly out of control, it is important that we start to develop better alternatives to copyright. We need to think of how we should support creative work in the 21st century and not let the entertainment industry drag us back into the 16th century.
http://www.zmag.org/content/showarticle.cfm?SectionID=105&ItemID=13993
What are your thoughts on copyright laws? Are they outdated? Should artists seek out other methods to profit from their work?