Re: Intellectual Property Rights (1/2)

In this two-part video, I respond to Jacob Spinney's comments on intellectual property rights and share my own views. This is not intended as a "debate" or "rebuttal" regarding Jacob's views, as he clearly recognizes some of the problems with IP, but rather as the continuation of a conversation.

First, I take issue with the view that there would not be sufficient content creation in the absence of IP, based on available empirical evidence. Unpaid volunteers create content just fine, and it is still possible to make money off of ideas by selling scarcities associated with them. Additionally, the fact that people often turn down IP and still give content away for free undermines the assumptions behind such questions as, "If I don't get paid, what reason do I have to create anything?"

Second, I show that even without empirical evidence, there is every theoretical reason to believe that IP legislation will be a failure. This is primarily based on the insights of the Austrian school of economics, specifically Ludwig von Mises' calculation problem and Friedrich von Hayek's information problem.

Jacob's Video:
http://www.youtube.com/watch?v=l4ywAHfsNPE

Please subscribe to one or both of his channels if you find them interesting, as he posts plenty of insightful videos.

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News & Politics

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