Comment Re:Reward the artist (Score 1) 301
Starve the producers of all profits and they will collapse.
Speaking generally, we've had several consecutive years of all-time record corporate profits.
And if you look at corporate profits over the past 30 years, you will see an inexorable upward trend, in both total profits, and return on investment.
There are very few producers in big business that are being "starved". More specifically, I seriously doubt Thom Yorke is one of them. I don't know exactly how long Yorke expects "Creep" to support his children and grandchildren, but you know, at some point, stuff really needs to start becoming public domain again.
We have a model now where peoples' grandchildren are collecting royalties for some hit single grandpa had 40 years ago. Or more likely, some corporation that had nothing to do with anything creative is collecting royalty checks for some song written 40 years ago by a guy who died 25 years ago. I don't think that's why we have intellectual property.
If I could change the law, I would have all word (patents included) expire after 15 years) and if the license is assigned to a third party, after 5 years. As it is, we are tying up creative work virtually forever, and that's definitely not why people came up with intellectual property in the first place.