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Showing posts from May, 2016

Intellectual Property is Theft

Ordinarily, individuals possess an intuitionally based conception of theft.  If an individual possesses a good, and it is taken, he comprehends theft by way of the lost utility that the good provided.  Society also loses utility (social utility) because the individual who lost the good no longer can use it to satisfy his demands, while an individual who valued it less — or did not have the means to acquire the good — will (in general) use it to satisfy less valuable ends.  When the government grants an individual or corporation monopolistic control over an idea the rest of the people that comprehend the idea lose utility because they do not have the legal privilege to exchange or materialize the idea.  Theft can be defined as an action that lowers social utility.  Social utility is defined as the overall level of satisfaction or lack of uneasiness in society; it is representative of the value and abundance of choice in a given society.  Since all voluntary transactions between rationa…