Copyright is a bargain. In exchange for their investment in creating and distributing sound recordings to the public, copyright holders are granted a limited monopoly during which are allowed to control the use of those recordings. This includes the right to pursue anyone who uses their recordings without permission. But when this time is up, these works join Goethe, Hugo and Shakespeare in the proper place for all human culture – the public domain. In practice, because of repeated term extensions and the relatively short time in which sound recording techniques have been available, there are no public domain sound recordings.The idea of copyright as a bargain, a deliberately limited monopoly, is one which has largely been erased from the public consciousness, through the introduction of a new concept a few decades ago—the concept of "intellectual property". When one thinks of ideas as property, copyright seems not as an unnatural, and mercifully limited, restriction on the natural flow of culture, but as an injustice in the opposite direction—the only form of property which expires in a few decades—and the idea of perpetual copyright, towards which we have been moving with copyright-term-extension bills and harmonisation treaties every few decades, seems, for a moment, like a much-needed correction of an unjust oversight, rather than the greedy, neo-feudal abomination it is. Whoever came up with the term "intellectual property" is a powerful sorcerer indeed.
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