Tuesday, August 24, 2010

Copycats vs. Copyrights; Newsweek, 8/20/10

Ezra Klein, Newsweek; Copycats vs. Copyrights: Does it make sense to legally protect the fashion industry from knockoffs?:

"At a certain point, copyrights stop protecting innovation and begin protecting profits. They scare off future inventors who want to take a 60-year-old idea and use it as the foundation to build something new and interesting. That’s the difficulty of copyrights, patents, and other forms of intellectual protection. Too little, and the first innovation won’t happen. Too much, and the second innovation—the one relying on the first—will be stanched."


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