The business/markets case for limits to copyright
From BoingBoing : You'll remember Derek Khanna as the Republican House staffer who got fired for writing a paper that used careful objective research to argue for scaling back copyright. Now, Khanna is a fellow at R Street, where he's expanded on his early work with a paper called Guarding Against Abuse: Restoring Constitutional Copyright [PDF] , which tackles the question of copyright terms from a market-economics approach, citing everyone from Hayek to Posner to the American Conservative Union... Khanna recommends new copyright policy based on a House Republican Study Committee proposal in 2012. Under this proposal, there would be a free 12-year copyright term for all new works. Following that, there could be an elective 12-year renewal, at a cost of 1 percent of all U.S. revenue from the first 12 years. There would then be two elective 6-year renewals, at a cost of 3 percent and 5 percent of revenue, respectively. There is one final elective 10-year renewal period at a