Importance of Copyright and Intellectual Property Rights Highlight Recent Debate
At a recent debate on Capitol Hill sponsored by America's Future Foundation, an interesting question was put to two right-of-center thinkers: Is Copyright a Property Right? The Taxpayers Protection Alliance (TPA) had a front row seat for the event and there were some interesting observations that definitely merit highlighting to our readers. TPA supports strong IP protections so we were keenly interested in the debate. There are several things that stood out during this back and forth discussion and debate on how to properly define copyright when looking at the issue of intellectual property and what the true meaning is for both concepts. The two sides immediately agreed that copyright and intellectual property are property rights. IP has a role to play in today’s global economy. Intellectual Property is a key driving force behind innovation and global commerce. As technologies continue to evolve and countries continue to advance economically, there should be greater focus on preserving the best standards for IP not just here in the United States, but all around the world. A 2012 report from U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) entitled IP Creates Jobs for America highlighted specific metrics showing the importance of IP to economic growth.