Premium Essay

How Copyright Laws Are Contracting Our Economy

In: Other Topics

Submitted By fh9577
Words 3176
Pages 13
Zack Fellows
Professor Gilliard
English 1190 M/W 1200-155

How Patent and Copyright Laws are Contracting our Economy

Patent and copyright laws have played a very intricate role in the United States economy all throughout our history. Most recently, they have played a very crucial role in protecting intellectual property, distinct types of creations of the mind for which a set of exclusive rights are recognized under corresponding fields of law. When the United States put into agreement the North American Free Trade Agreement(NAFTA) , and opened up a lot of our trade barriers with countries all of the world, the key idea was that we were going to begin to change the face of our economy. We were going to do this by profiting off of our intellectual property and enforcing our strong patent and copyright laws around the world while slowly ridding ourselves off our manufacturing base. As the years passed, patent and copyright applications soared through the roof and it seemed as if the idea of intellectual property was working very efficiently. Innovation seemed to be coming from everywhere as there was a high motive to be able to patent or copyright your idea and make heavy profits. This innovation was a crucial part in the rapid expansion of our economy during the 1990’s, but soon this expansion came to a halt. This is heavily due to the fact of the enormous number of patents and copyrights that are being issued: over 240,000 in 2010, which in turn is hindering people’s innovation of new ideas because the groundwork of so many creations is now patented or copyrighted intellectual property (Marks & Clerk/UK). Copyright and patent laws on intellectual property were created to increase incentives for innovation resulting in the expansion of our economy; they did a very good job of this but as years passed and the amount of patents rose rapidly, these laws have…...

Similar Documents

Premium Essay

Software Copyright Piracy & Laws

...Software Copyright Piracy & Laws | Business Law | | This paper contains both recent and past accounts of software piracy cases. Also within the contents are definitions of what software piracy is and what has and can be done to help stop copyright infringement. | | Brandon Sampsell | 4/19/2012 | | Software Copyright Piracy & Laws The definition of software piracy is the illegal copying of software for commercial or personal gain. Software companies have tried many methods to prevent piracy, with varying degrees of success. Several agencies like the Software Publishers Association and the Business Software Alliance have been formed to combat both worldwide and domestic piracy. Software piracy is an unresolved, worldwide problem, costing millions of dollars in lost revenue. In a more recent case, the case of Universal Music Australia Pty Ltd v Sharman License Holdings Ltd (2005) 220 ALR 1 was high-profile Australian litigation involving music labels suing the developers and distributors (collectively referred to as "the Sharman parties") of software that enabled access to the Kazaa a p2p network. The software, which was made available for free, enabled users to upload and download digital files like music files or data files. However, unlike earlier p2p networks the Kazaa network did not require operation through centralized servers, nor physical involvement in the transmission of the files. The essence of the litigation concerned the......

Words: 2318 - Pages: 10

Premium Essay

The Recent Recession and How It Has Affected Our Economy

...The Recent Recession and How It Has Affected Our Economy We all realize that we are currently in a recession and times are tough. Almost everyone I know has been affected by this recession in some way, including my family. Due to this assignment, I have found myself asking this question: how has the recession affected my family and the community? Everyone that I spoke with had strong and emotional answers to this question. This past year has been very hard for my family. Both my husband and I where laid off from our jobs leaving us struggling to find a way to provide food, shelter and all other necessities in life for ourselves and our two children. With not knowing how we would be able to pay for our bills, loosing our home and the possibility that our car wouldn’t be there when we woke up in the morning, left us with a sickness in our stomachs and a lot of sleepless nights. How is the recession and mortgage fraud affecting the local businesses too? If the recession were a disease, it would be an epidemic. The City of Fairfield in Ohio has had many properties affected by mortgage fraud. These properties were sold at artificially inflated price which resulted with properties in the surrounding neighborhoods to also become artificially inflated. When that occurs, property taxes also artificially increase. As unqualified homeowners began to default on their inflated mortgages, properties have been going into foreclosure and neighborhoods begin to deteriorate (1). With the......

Words: 556 - Pages: 3

Premium Essay

Macroeconomics: the Study of Our National Economy

...Macroeconomics: The Study of Our National Economy Macroeconomics: The study of Our National Economy “Our new economic approach is rooted in ideas which stress the importance of macro-economics, post neo-classical endogenous growth theory and the symbiotic relationships between growth and investment, and people and infrastructure”. (Brown) As we have seen here in the past few years, but more so in the last year, the economy is ever changing. Macroeconomics is the backbone of America and without a stable economy we have serious hurdles in front of us to overcome. John Maynard Keynes developed the Keynesian Theory, which has become the foundation of our government’s economic decisions. During the course of this paper I will outline Keynesian Theorists and Monetary Theorists approach to promote long-run macroeconomic stability, the impact of persistent budget deficits on the trade deficit, options available to policy makers when national savings presents opportunity to improve the trade deficit, appraise the position of the supply side as it relates to government deficits and evaluate recent national economic policies as they relate to the magnitude of the trade deficit. In essence, the inner workings and use of macroeconomics as a financial tool of study to determine how a national economy is managed and sustained. To begin, Keynesian theorists approach to promote long-run macroeconomic stability is somewhat unique. Economist who......

Words: 1208 - Pages: 5

Premium Essay

Copyright Law in India

...protection for software all the more important. The software is a complex product, which has given rise to a totally different kind of industry in which the input and the output consist of intangibles. The ownership of intellectual property in software industry influences the returns to investments, and the market structure. How best to protect and regulate ownership of intellectual property? The issue of software patenting has thus attracted considerable attention and debate. The objective of this paper is to highlight issues related to software patenting and their implications for software industry. In the ongoing debate or controversy to the patenting of the software. The Indian scenario is briefed upon in the last followed by the conclusion. Trips and computer software World Trade Organisation Agreement on “Trade-Related Aspects of Intellectual Property Rights” (TRIPS), the details of which were finalised in the concluding Uruguay round in 1994, specifies some minimum standards that must be adhered for protection of Intellectual Property (IP) by the member countries. Eight types of IPRs including patents, copyrights, trademarks, etc. have been specifically mentioned in the provisions of the TRIPS Agreement. The objectives of the TRIPS Agreement have been clearly spelt out in the Article 7 of the Agreement that the protection and enforcement of IPR should contribute to the promotion of technological innovation. It should also promote the...

Words: 7384 - Pages: 30

Free Essay

Forecast How Technology Will Impact on Our Future Economy. Contrast This to the Events That Happened in the First and Second Industrial Revolutions.

...Great advancements in technology have simply revolutionised our world. Nothing is the same as it was twenty years ago, where technology is concerned. With a simple click, you could perform a magnificent operation. These advancements are increasing rapidly and will surely leave an impact on our economy. The aim of this essay is to anticipate how technology will impact on our future economy with contrast to the events of the first and second industrial revolutions. Technological innovations are mainly divided into five categories. Firstly, there is information management. For example, smartphones will have better functions, data storage will become bigger and cheaper and monitoring of machines, processes and people will be easier and more widespread. These improvements will help farmers monitor the weather, doctors track our vital signs, engineers keep track of road and bridge safety and businesses better predict both what and how much to produce. Moreover, robotics might be the biggest visible change in our future world. Robots have been around for a while, but the next generation will be more agile, flexible, adaptable and probably able to learn and interact with humans. These characteristics will significantly expand their use in the workplace and everyday life. We will see increased use of these modern robots in factories, hospitals, stores and the home. One big spin-off of the robotic technology would be “autonomous” vehicles — that is, cars and trucks that can drive......

Words: 767 - Pages: 4

Premium Essay

Copyright Laws

...Will Dickey FYS 183 Copyright Law Music creativity At the young age of 12, my mom bought me a brand new stereo system for Christmas. Unbeknownst to her, the gift came hidden with a special perk that allowed me to record my favorite songs from the radio onto cassette tapes that I could give away to my friends or use to make my own mix tapes. I made a hobby of recording my favorite songs and remixing them with songs of a different genre. Five years later I became a professional DJ, using more sophisticated tools of course, but with the same creativity I had garnered from the cassette recordings. Had my mother known that she would be supplying her son with the equipment to become a copyright criminal, she probably would have thought twice about her gift and I would’ve never had the opportunity to discover my musical potential. Copyright laws in the music industry need to be changed, to allow everyone, including artists, to combine their talents with the efficiency of the Internet. In the remix culture of today, everyone has an inner-DJ. Music sharing has grown drastically from sharing cassette tapes, to burning CD’s, to p2p networking. People all over the world now share and create new music, while breaking copyright laws and industry codes in the process. Aware of their crimes or not, Internet music sharing has quickly become a competitor with the large music industry and this needs to be addressed. As Lessig proved in his book “Free Culture”, technology has......

Words: 1915 - Pages: 8

Premium Essay

Writeup on Copyright Law

...INDIAN COPYRIGHT ACT, 1957 CONTENTS Introduction 3 Need for Copyright Protection 3 Scope of Copyright 4 Indian Copyright Act, 1957 5 Remedies 10 Cases 12 Conclusion 14 Bibliography 14 INTRODUCTION The world has entered an era of instant communication. A person sitting in the remotest corner of India can enjoy a live performance taking place anywhere in the world thanks to electronic (parallel) media. Telephone and fax have made it possible to communicate oral or written messages across the globe within seconds. Computer-aided communication technologies such as E-Mail and Internet have added an altogether new dimension to today's communication process by making it more speedy, informative and economical. The mode of communication of different types of information has also undergone a sea change. While all these have made communication among people more effective and efficient both in terms of time and cost, they pose a threat in terms of copyright infringement. Modern communication channels, being intensively relying on a variety of copyrighted products, are liable to be pirated on a large scale if adequate precautions are not exercised. Need for Copyright Protection Copyright is the right given by law to the creators of literary, dramatic, musical and a variety of other works. It ordinarily means the creator alone has the right to make copies of his or her works or alternatively, prevent others from making copies of the same. The basic......

Words: 4759 - Pages: 20

Premium Essay

How and Economy Grow by Irwin Schiff

...How an Economy Grows and Why it Doesn’t: A Review A Book by Irwin Schiff I often cop a lot of flack for claiming that the fundamental laws of economics, like the laws of physics, are immutable. I stand by this statement because the basic principles of economics are based on scientific logic. The only reason they are so poorly understood is because they are made deliberately confusing by those who benefit from your ignorance. Economics is routinely cloaked in technical jargon and obscure terminology. I am a huge fan of any work that can explain these principles simply and make them accessible. For this reason I maintain that Irwin Schiff’s ‘How an Economy Grows and Why it Doesn’t‘ is the single best book on economics ever written. It was adapted recently by Irwin’s son, Peter Schiff, and re-titled ‘How an Economy Grows and Why it Crashes.’ I’m a greater fan of the original work by Irwin Schiff, with its emphasis on simplicity. The story is an allegory. It is presented as a children’s picture book. The fundamental role of savings, inflation and capital formation are presented clearly. Economics makes perfect sense after reading this book. There can be no confusion about its fundamental operations and laws. The Allegory We start from the earliest possible point with an economy. There are three men stuck on a deserted island: Able, Baker and Charlie. They are living a life of subsistence. They fish. Whatever they catch, they eat. They catch just enough to live, with their......

Words: 1459 - Pages: 6

Premium Essay

Copyright Law and Aereo Inc

...I. INTRODUCTION The Copyright Act endows copyright holders the “‘exclusive’ rights to use and to authorize the use of his work in five qualified ways, including reproduction of the copyrighted work in copies”. Such act provides the copyright owner potential remedy in such a way that they are able to request an injunction, the destruction of reproduced product and additional damages or profits obtained from the infringement of such rights. The Copyright Act does not render individuals responsible for the acts of another as long as there is no knowledge or contribution towards a violation, the law clearly states, "one who, with knowledge of the infringing activity, induces, causes or materially contributes to the infringing conduct of another, may be held liable as a 'contributory' infringer." This is to say that if such party was providing individuals with the ability to violate copyright laws and they were fully aware that such activity could take place they are equally responsible for the infringement. Within the context of the Sony Corporation v Universal City Studio, Inc. the ability that Sony was allotting to their clients by being providing theim a mechanism that would intergrate to their existing home entertainment system and be able to record programs from their home without the need of additional services from a third party made Sony indirectly liable for the copyright infringements. Furthermore the statutes within the 1976 Copyright Act does not make an exemption to...

Words: 2567 - Pages: 11

Premium Essay

What Is Really Happening in Our Economy

...Macroeconomics 11/30/2010 What is Really Happening in Our Economy? Before getting into what I think is the root of the problem, I’d like to give a little insight into some of the opinions of my family members. Every night, my family sits down at the dinner table to eat together. Sometimes I miss out on this because I work nights, but I always have at least one night of the week home. I raised the question, “what do you think is going on in our economy?” and received a variety of responses. I started first with my 11 year old sister, who comically replied “I think that the inflation will cause everyone in the country to form an angry mob”. For an 11 year old, I’d say her assessment is pretty spot on. Next my father, a 47 year old scientist, furrowed his brow a little and then responded by saying “I think the housing market is the problem.” Because unemployment and underemployment are so high, it is becoming increasingly difficult for a larger percentage of people to buy homes. More people are living with their parents well into their twenties, since, to put it quite simply: “the rent is too damn high”. With home sales at an all-time low, new housing construction is at a standstill. This negatively affects all the people that work in the housing industry. On top of that, home foreclosure is at an all-time high. All of these factors combined are causing the collapse of the housing market. I then referred the question to my other sister, who is......

Words: 907 - Pages: 4

Premium Essay

What Is the Conscience? How Does “Natural Law” Work to Inform Our Conscience?

...August 18, 2013 Before I start anything about how what is conscience and how natural law work to inform our conscience, I will first give a little emphasis on what conscience is. According to Mueller in Theological Foundation on p.222, define conscience as something that involves several aspects of human reaction. He further explains that Conscience is a huge part of the human character that makes him or her to know and do good. He also explained further that Conscience is also a way to for us human being to determine what is good and what is evil. The second Vatican Council explained that “Conscience is the voice of God written in our hearts”. In dictionary.com, Conscience is said to be the inner sense of what is right or wrong in one's conduct, motives or action. According to Richard Gula cited from “Conscience” in Christian Ethics: An Introduction, Bernard Hoose, ed. (Collegeville, MN: The Liturgical Press, 1998), p. (110-122) Defines “Conscience as the whole person’s commitment to value and the judgment one makes in relation to that commitment of who one ought to be and what one ought to do or not do.” (p. 114) Also seen as a capacity of a fundamental ability to know good and evil; every person, regardless of past experience, or their culture or religion, has the ability to know the values and standards that guide human life. Can also be seen as a process for finding out what is involved in becoming a good person, and in how one discovers right and wrong in a......

Words: 995 - Pages: 4

Premium Essay

A Fault in Our Economy

...information without any study is the hard part. 6.) Should you be held accountable for learning in algebra 1 or just passed through without learning algebra? Why? - This is a tough question because you cant pass a class without learning. In other words the teacher and student can be held responsible. I say that because in my past algebra class my teacher was teaching at the level/rate that was meant for my grade level and my class was far behind in progression because of that. Also, if the student is not trying their hardest to learn then yes they should be held accountable. 7.) Explain how you should be held accountable for learning in algebra 1? - A student should be held accountable because it’s their responsibility to learn algebra and try their best to excel in algebra. If a student is not learning and it’s their fault they need to change for the better of their education. 8.) Explain how you are or are not making your parents proud of you based on your performance and behavior in algebra 1? - I don’t think I ‘am making my parents proud. I say this because I’m under committing myself. I make that statement simply based off of my test/quiz grades. The grades that I receive from those are the only reason my parents would not be proud and I think it’s just because I don’t study. 9.) Explain in detail what role you play in understanding algebra 1. - The role I play is the retriever. I retrieve the information in algebra 1 and understand it to the......

Words: 660 - Pages: 3

Free Essay

Contracting Law

...Contracting and Payment Options Chontil Neville Procurement and Contract Law Professor Levasseur Introduction The government pays to its contractors when they submit invoices containing the prices of the supplies or the services rendered according to the contract’s terms. The invoices also contain any discounted or deducted amounts. The government is obligatory to pay upon deliveries unless they specify a due time to pay. For the purpose of selecting payments methods for the services and products purchased by the government agencies, FAR 32.113 should be referenced (Legal Information Institute, 1992). The purpose of this paper is to discuss the three payments options available to government and their advantages and disadvantages, three elements of the prompt Payment Act; next, it will discuss the key areas of cutting government costs, two revisions to TINA that will decrease the requirements for the government’s procurement of technical data and computer software. In the end, the paper will discuss the Buy American Act’s exceptions. Government Payment Options For purchasing the software for tax returns processing, contacting officers on behalf of Internal Revenue Service’s (IRS) can select various effective payment methods. Contracting officer uses the customary contract financing ref. 32.113 for review and uses it without getting the permission from top management. The Contracting officer can select three payment methods that are progress payment, performance-based...

Words: 2038 - Pages: 9

Premium Essay

Copyright Laws and Intellectual Property

...Some companies devise their formulas that have economic value as much as they would come up with new methods and processes. These inventions must not be used by any one wilily-nilly; this calls for laws to protect such innovations and intellectual properties. This has led to copyright laws and property or intellectual rights. A copyright law is a set of rules and regulations that protects a person or organization’s unique creation of invention or innovation against copying and abuse or other forms of illegal usage. The issue is that if a person has used his resources and expertise and knowledge to create a new item, no one must benefit from that item without the authorization of the inventor. In order to avoid illegal usage of another person’s property there is need for legislation to enforce compliance. The use of the property must be done with the authorization of the inventor or the creator. Some people want to be paid for the effort they would have put and the resources they would have used to come up with such an asset. Copyright laws are important because they regularize the usage of a person’s intellectual property. This is essential in business today. In the same category as the copyright laws is the intellectual property right. If there has not been property right and copyright organizations and people would use other people’s property without paying for it. That may also lead to tarnishing of other people or organizational images. Let us take an example of a trade......

Words: 1192 - Pages: 5

Premium Essay

Are Our Drug Laws Working?

...Iris Walker Kathy Anderson English 1020 02/12/2012 Are our drug laws working I will be discussing drug-related crimes, besides what the financial burden is in our society. Additionally, I will bring out how two countries, the Netherlands and Portugal, addressed their drug problems in relation to crime. I do not believe that our drug laws are working because neither crime nor costs are going down. Below is an excerpt that explains the relationship between drugs and crime: Economic-Related: Economic crimes include those that are committed by drug users in order to support additional drug use. These crimes may not be inherently violent, but may become violent. The strongest indicator in classifying crimes of this nature is that the offender committed the crimes as a result of his or her compulsion to obtain drugs (Goldstein, Brownstein, & Ryan, 1992). Recent articles on national statistics related to such crimes include: * According to Substance Abuse and Treatment, State and Federal Prisoners, 1997, nineteen percent (19%) of State prisoners and sixteen percent (16%) of Federal inmates reported that they committed their most current offense to obtain money for drugs (Bureau of Justice Statistics, 1997). * The percent of jail inmates who committed their offense to get money for drugs totaled about thirteen (13%). Among those inmates who committed their offense to obtain money for drugs, almost twelve percent (12%) committed violent offenses and nearly......

Words: 1683 - Pages: 7