I think the problem is speculation in intellectual property, ie looking at
the potential windfall from owning a monopoly on a popular meme versus the
horatio-alger story of the hard work of authors and publishers being fairly
rewarded.

The base issue is that all the ways you can use ownership of money to make
more money are not equally acceptable.  I read a discussion about how
speculation in insurance policies became illegal.  You can't buy insurance
policies against hazards that you don't personally face, because when it
was allowed speculators would distort and destroy the insurance market by
buying portfolios of policies with a certainty that some would pay off.
 They weren't participating honestly in an insurance market which shares
risk among those who face the risk, they were simply siphoning off
resources for their own profit.  It's not an acceptable way to play with
your money.

The big media companies are similarly motivated.  They have no real
interest in the promotion of cultural, technical, or intellectual progress,
they simply bet on a portfolio of products in anticipation of some being
enormously profitable.  They are not lobbying for fair rewards to the
authors and producers, they are lobbying to maximize the payoff of their
wagers.  So, why is it acceptable for gamblers in intellectual properties
to siphon off resources for their own profit?

Copyrights and patents were established to promote cultural, technical, and
intellectual progress.  Profits siphoned off by speculators do none of that.

-- rec --

2012/4/20 Pamela McCorduck <[email protected]>

> It would be difficult for me, after having published ten books, to be
> completely impartial when I review the business model of book publishing,
> but perhaps I could summarize by saying these people figured out 1% - 99%
> long before Wall Street. Information technologies only exacerbated what was
> already unsustainable.
>
>
> On Apr 20, 2012, at 1:55 PM, glen e. p. ropella wrote:
>
>
> I think the fundamental problem is that the economies of scale are
> collapsing.  And I (tin foil hat in hand) tend to think it's a function
> of population growth, resource depletion, and non-local homogenization
> brought about by information technologies.
>
> Music is a good example.  The recent surge we've seen in homogenized
> musicians (pop stars and reality shows like American Idol) is the last
> dying gasp of cultural economies of scale.  Sure, we _might_ fall into
> some pattern where very rapid waves of fame ripple over the globe.  But
> my prediction is the opposite.  Movements like slow food and buy local
> will show up in more and more cultural domains.  Pirated IP and
> micro-payments for copyrighted materials are symptoms of the collapse.
> Not only does it no longer make sense for me to pay $15 for a CD (or
> $100 for a book), but it also doesn't make sense for me to buy, say, a
> band saw when I can walk over to the neighborhood shared tool shed and
> use that one.  Similarly, why pay a bunch of money for a fossilized form
> of knowledge from, say, an English cosmologist when I can chat with my
> local cosmologist over a pint?
>
> Because the US is still sparsely populated and places like Lubbock, TX
> exhibit a long transient between information waves, an interested
> consumer there must still buy published books.  But anyone who lives in
> a densely populated area has no need for those hub-based services.
> Rather, what they need is some[one|thing] _local_ they can turn to for
> high quality information. (Think BitTorrent.) The process then becomes
> one of triage, a graph walk from local to distant, in pursuit of the
> type and quality of the information of interest.  There is a dearth of
> heavy metal music in Portland, so I often have to walk the graph to find
> it.  But you can't throw a rock without hitting a folk singer here. ;-)
>
>
> peggy miller wrote at 04/20/2012 09:47 AM:
>
> At the risk of taking the side of the greedy publishers, I still wonder
>
> where enough profits will exist to cover costs of updates and writing new
>
> books if everyone wants free books. I wrote a book that I think is good. I
>
> am still trying to find an agent to go the publisher route because it would
>
> be useful to get some payback. Sure I can put it on the web for free, and
>
> maybe I will end up doing that, but where do costs get covered? Textbooks
>
> require time, thought, =costs. Somebody has to pay. If it is the
>
> universities, then it comes out of federal grants and/or tuition = taxes
>
> and students covering costs anyway.
>
> So I don't get the views being expressed here.
>
>
> --
> glen e. p. ropella, 971-222-9095, http://tempusdictum.com
>
>
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>
>
> "She instructed me as if out of bitter personal experience; she brooded along 
> the edges of my childhood like someone living out a long Tennysonian regret."
>
>       Wallace Stegner, "Angle of Repose"
>
>
>
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> Meets Fridays 9a-11:30 at cafe at St. John's College
> lectures, archives, unsubscribe, maps at http://www.friam.org
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