RE: Intellectual Property: A Government Protected Monopoly

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Intellectual Property: A Government Protected Monopoly

in anarchism •  8 years ago 

Great, well-thought-out article, Jared.

One question though, can you demonstrate your statement, "Information can be copied infinitely without... devaluing...it?" It seems to me that the more there is of something (anything), the less it is valued by others. Even things that are perceived to have value...like gold, silver or even water...if there is an abundance of it, the less it is "valued" by others. In some cases, an over abundance of something tends to become despised in the eyes of those who once ascribed value to that thing.

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All other things being equal, an increase in supply of a scarce, rivalrous resource relative to demand will result in a decrease in price. Supply and demand only applies to scarce, rivalrous resources, though. Information is nonscarce in that it can be infinitely replicated without consuming the original, which means the supply is infinite.

This "scarce, rivalrous resource", business? That describes crude oil and other extracted commodities. Not intellectual property.