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A comment on Did You Say “Intellectual Property”? It's a Seductive Mirage. Parent comment

Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by wfjackson on Sunday May 18, 2014 @01:23PM (#7763611)
>Information like the kind ARM produces[0] is more valuable to society as a whole the more widely it is disseminated. So an artificial monopoly pretending like information is a scarce resource is probably not the best way to compensate them for doing that kind of work.

Doing that without properly compensating ARM is like killing the goose that lays the golden egg. ARM is already trying to make a $20 smartphone. There is already a $25 FF OS smartphone.

http://www.engadget.com/2014/05/06/20-dollar-smartphone/

How much does ARM make from such a phone after all the physical costs are taken out? a few cents?

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Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by habitue on Sunday May 18, 2014 @01:30PM (#7763639)
As someone who once invested in ARM, and has looked at their balance sheets in depth: yes, it's a cent or two per phone.

Your unexamined assumption here is that copyright monopolies are the only way to compensate people for work like this. That's not the case.

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Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by msbarnett on Sunday May 18, 2014 @01:37PM (#7763671)
Genuinely curious: what do you think would be some other practical, achievable ways of ensuring that the people at a company like ARM get compensated for their work without "putting the force of the state behind their 'thought-property'"?
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Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by habitue on Sunday May 18, 2014 @01:56PM (#7763727)
We actually have a bunch of examples since there are many industries which don't have the ability to obtain copyright monopolies or patents (or either).

Here's a good list (I hope you'll excuse the libertarian source): http://wiki.mises.org/wiki/Without_Intellectual_Property

People are making money today doing creating intellectual products without the benefit of copyrights and patents, and they're some of the highest margin industries out there.

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