[...] Property is property, that is to say, it belongs to someone 
   who has the right to exclude others from using it without his or her 
   consent.

Entierly true.

   Intellectual property is property.

No, since a) "intellectual property" has no meaning and b) you cannot
own something that does not exist in a physical manifestation, like
intellectuality, ideas, or any other intangible concept.


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