Topic > Intellectual Property Rights Case Study - 1187

This case study will examine the moral issues of intellectual property rights and the effects they have on society. There are many different positions on the topic of intellectual property, with people opposing either or both intellectual property and the creative commons for various reasons. Mandatory copyright and patenting of inventions and published works have the potential to significantly limit progress in science and culture. Intellectual property refers to copyrights, patents, and other… rights in non-physical things. Ideas, inventions, formulas etc. they are all subject to copyright or patent. As Tyler writes, patents made on ideas that are not used by the patent holder are a waste of the idea: the potential for use by others to develop the idea to create products that benefit society is lost, at least until the patent does not expire or the owner does not sell the authorizations for a premium. In the words of the Libertarian Party of Canada, libertarians want “less government, less taxes, more freedom.” Freedom is used as a broad term, implying the pursuit of freedom of information as well as individual freedom as citizens. Libertarians have some interesting views on media ownership and copyright laws. They believe in freedom of information for all, small government, and are generally against monopoly. Spreading information and power among citizens is the only sure way to benefit the entire world. Concentrated power will only be used to benefit those in power, so if power were given to the people, laws could benefit the people instead of the elite. Libertarians are apparently conflicted about the idea of ​​intellectual property. If someone creates something clever and unique that they've worked on for years, they should own it, but since... middle of paper... not be restricted, once it's out in the world, they're free to travel and be shared as people want them to be. Opposition to intellectual property laws is becoming increasingly common. The moral aspects of intellectual property rights are being questioned, as limiting information and ideas benefits no one except large corporations. According to libertarians, progress could stall in future years if monopolized ideas are not spread for the common good. On the other hand, ignoring current intellectual property rights internationally is leading companies to “dramatically lose market share” to imitators who produce generic versions of otherwise brand-exclusive drugs (Shah, Warsh & Kesselheim. 2013) . Priorities need to be considered, as what is important or beneficial to citizens is rarely what is important to businesses.