I understand the classical definition of property as a scarve and valuable resource.
However, unlike most people, I think we need to change the definition of property. The internet no longer has scarcity. But I don't believe that eliminates value.
The model we have now for earning revenue in many businesses, especially media, is on royalties. Royalties for copyrighted materials don't fit under the old model of property, but I believe we have to change that model.
This doesn't mean I believe copyright laws are not flawed right now. I believe they are, heavily so. But I still believe in intellectual property because I don't see another system where earning revenue on copyright would be fair to the producer.
However, unlike most people, I think we need to change the definition of property. The internet no longer has scarcity. But I don't believe that eliminates value.
The model we have now for earning revenue in many businesses, especially media, is on royalties. Royalties for copyrighted materials don't fit under the old model of property, but I believe we have to change that model.
This doesn't mean I believe copyright laws are not flawed right now. I believe they are, heavily so. But I still believe in intellectual property because I don't see another system where earning revenue on copyright would be fair to the producer.