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Copyright Cutback Proposed As RIAA Solution
An anonymous reader writes "InfoWeek blogger Alex Wolfe proposes a novel solution to the ongoing spate of RIAA lawsuits over alleged music copying. He suggests legislation which cuts back corporate copyrights from 120 years to 5 years. 'We should do what we do to children who misbehave,' he writes. 'Take away their privileges.' Wolfe says this is regardless of the misunderstanding surrounding the latest case, which apparently isn't about ripping CDs to one's own computer. As to those who say copyrights are a right: "That's simply a misunderstanding of their purpose. Copyrights, like patents, weren't implemented to protect their owners in perpetuity. They are part of a dance which attempts to balance off societal benefits against incentives for writers and inventors. You want to incentivize people to push the state of the creative and technical arts, but you don't want give those folks such overbearing protections that future advances by other innovators are stifled." What do you think; is it time to cut off the record industry?"
Traditionally, copyright was for the life of the author + some reasonably large number. The optimal lifetime has been studied under economic maximization theory. The result was ~ 14 years, which is rather closer to the 20 year patent life time than the proposed 5 years. The link is: http://arstechnica.com/news.ars/post/20070712-research-optimal-copyright-term-is-14-years.html