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by philipps
1179 days ago
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The characterization that IP law is only intended to spur creative activity is incorrect. It was designed to balance the interests of the creator with those of society. And that balance is off, IP regulation has become a tool for rent seeking. |
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Article I, Section 8, Clause 8 of the US constitution states:
To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.
The whole constitutional purpose of IP law is to spur creative activity. The interests of the creator are only a means to this end. This has, unfortunately, been perverted by regulatory capture.