News for hackers. Stuff that matters.

A comment on China Announces Punishments for Intellectual-Property Theft. Parent comment

Re:China Announces Punishments for Intellectual-Property Theft by fungi on Tuesday December 04, 2018 @07:02PM (#18604646)
bc you are manufacturing scarcity and enabling rent seeking which is a pointless tax on humanity as a whole for the benefit of a few.
[ Parent | on HN ]
Re:China Announces Punishments for Intellectual-Property Theft by rayiner on Tuesday December 04, 2018 @09:03PM (#18605191)
"Rent seeking" is by definition trying to extract payments ("rent") from value you didn't create. Charging for access to value that results solely from your act of creation (like "Captain Marvel") is literally the opposite of rent seeking.
[ Parent | on HN ]
Re:China Announces Punishments for Intellectual-Property Theft by fjsolwmv on Tuesday December 04, 2018 @11:31PM (#18605696)
Aren't you a lawyer? Copyright is a textbook example of rent seeking. After the first copy is sold, restricting re-copying is rent seeking: extracting money without adding more value.
[ Parent | on HN ]
Re:China Announces Punishments for Intellectual-Property Theft by rayiner on Wednesday December 05, 2018 @01:24AM (#18606082)
Show me a textbook that uses that example, because it would be a shitty textbook. You’re not creating additional value after the first sale, but you’re also not recovering the full market value of the creation from the first sale. Imagine painting the Sistene Chapel and charging $10 a pop to see it. Is that rent seeking?
[ Parent | on HN ]