Quote:
Originally Posted by Greg Anos
It didn't self annihilate because society deterrmined there was a value in monetizing something that had no value under the standard rules of property. So rules were written to provide an incentive for creating new IP. Societies did not do this for moral reasons, but to get more IP. The reason to not extend IP for great lengths, it the blunt fact that dead people don't create.
Creating rules to monetize IP did not suddenly turn it into PP. It created a pseudo PP thing that is inherently a wasting asset (it goes to zero). There are other wasting asset that exist, such as options. [...]
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Which pretty much corresponds to what I was saying earlier: IP is a property because the law says so. IP might not be inherently consumable, but we made it illegal for others to consume it without permission. The main point is that as long as this works, and it has demonstrably been working up to date, then law and commerce can continue to treat it as a property.