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October 10th, 2007 - Open Knowledge — LiveJournal

Oct. 10th, 2007

04:30 pm - Ayn Rand and intellectual property

Timothy Sandefur has an excellent analysis of IP law from a Randian perspective.

Rand’s argument is that intellectual property rights are natural rights, and that “[t]he government does not ‘grant’ a patent or a copyright in the sense of a gift, privilege, or favor.” Id. at 131. As a descriptive matter, of course, this is plainly false. Intellectual property was not a right at common law, and has always been regarded by the law as a mere privilege. Donaldson v. Becket, 98 Eng. Rep. 257 (H.L. 1774), accord, Wheaton v. Peters, 33 U.S. (8 Pet.) 591, 663 (1834). But if Rand is saying that patents and copyrights ought to be regarded as natural rights, she has to make a case for it, and that case must profoundly address the most significant characteristic of intellectual property: its non-exclusivity. That is, intellectual property can be used simultaneously by more than one person at a time, and once obtained, it can never be taken away from a person. In Jefferson’s phrase, a person who lights his candle from mine illuminates himself without darkening me.

Rand fails to address this matter at all, except in one interesting passage. In that passage, she argues that intellectual property rights must be limited in time, lest they clog the flow of progress: “it would become a cumulative lien on the productivity of unborn generations, which would ultimately paralyze them,” she says, for intellectual property rights to extend to perpetuity. Rand at 131. Yet this argument counts against her proposition that intellectual property is a natural right. For one thing, I know of no other natural property right which becomes unjust merely by the passage of time, and with no intervening unjust act occurring. And if intellectual property is a natural right, then it would seem that a time limit would be an injustice, just as it would be unjust for the government to simply declare that all land titles shall expire in exactly 50 years.

Also be sure to check out Tom G. Palmer’s Are Patents and Copyrights Morally Justified?: The Philosophy of Property Rights and Ideal Objects, 13 Harv. J. L. & Pub. Pol’y 817 (1990).

Original: craschworks Please leave any comments there.


09:54 pm - On female beauty as a depreciating asset

Via integreillumine

———- Forwarded message ———-
What am I doing wrong?

Okay, I’m tired of beating around the bush. I’m a beautiful(spectacularly beautiful) 25 year old girl. I’m articulate and classy.I ‘m not from New York. I’m looking to get married to a guy who makes at least half a million a year. I know how that sounds, but keep in mind that a million a year is middle class in New York City, so I don’t think I’m overreaching at all.

Are there any guys who make 500K or more on this board? Any wives? Could you send me some tips? I dated a business man who makes average around 200-250. But that’s where I seem to hit a roadblock. 250,000 won’t get me to central park west. I know a woman in my yoga class who was married to an investment banker and lives in Tribeca, and she’s not as pretty as I am, nor is she a great genius. So what is she doing right? How do I get to her level?

Here are my questions specifically:
- Where do you single rich men hang out? Give me specifics- bars,restaurants, gyms
-What are you looking for in a mate? Be honest guys, you won’t hurt my feelings
-Is there an age range I should be targeting (I’m 25)?
- Why are some of the women living lavish lifestyles on the upper east side so plain? I’ve seen really ‘plain jane’ boring types who have nothing to offer married to incredibly wealthy guys. I’ve seen drop dead gorgeous girls in singles bars in the east village. What’s the story there?
- Jobs I should look out for? Everyone knows - lawyer, investment banker, doctor. How much do those guys really make? And where do they hang out? Where do the hedge fund guys hang out?
- How you decide marriage vs. just a girlfriend? I am looking for MARRIAGE ONLY

Please hold your insults - I’m putting myself out there in an honest way. Most beautiful women are superficial; at least I’m being up front about it. I wouldn’t be searching for these kind of guys if I wasn’t able to match them - in looks, culture, sophistication, and keeping a nice home and hearth.

* it’s NOT ok to contact this poster with services or other commercial interests

PostingID: 432279810
Dear Pers-431649184:
I read your posting with great interest and have thought meaningfully about your dilemma. I offer the following analysis of your predicament.

Firstly, I’m not wasting your time, I qualify as a guy who fits your bill; that is I make more than $500K per year. That said here’s how I see it.

Your offer, from the perspective of a guy like me, is plain and simple a crappy business deal. Here’s why. Cutting through all the B.S., what you suggest is a simple trade: you bring your looks to the party and I bring my money. Fine, simple. But here’s the rub, your looks will fade and my money will likely continue into perpetuity…in fact, it is very likely that my income increases but it is an absolute certainty that you won’t be getting any more beautiful!

So, in economic terms you are a depreciating asset and I am an earning asset. Not only are you a depreciating asset, your depreciation accelerates! Let me explain, you’re 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in earnest. By 35 stick a fork in you!

So in Wall Street terms, we would call you a trading position, not a buy and hold…hence the rub…marriage. It doesn’t make good business sense to “buy you” (which is what you’re asking) so I’d rather lease. In case you think I’m being cruel, I would say the following. If my money were to go away, so would you, so when your beauty fades I need an out. It’s as simple as that. So a deal that makes sense is dating, not marriage.

Separately, I was taught early in my career about efficient markets. So,I wonder why a girl as “articulate, classy and spectacularly beautiful” as you has been unable to find your sugar daddy. I find it hard to believe that if you are as gorgeous as you say you are that the $500K hasn’t found you, if not only for a tryout.

By the way, you could always find a way to make your own money and then we wouldn’t need to have this difficult conversation.

With all that said, I must say you’re going about it the right way. Classic “pump and dump.” I hope this is helpful, and if you want to enter into some sort of lease, let me know.

Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.

Original: craschworks - comments

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