[lbo-talk] Dumb QOTD: What kind of labor produces intellectual property?

Charles Turner vze26m98 at optonline.net
Fri Sep 2 13:59:01 PDT 2011


On Sep 2, 2011, at 4:16 PM, SA wrote:


> It's a monopoly on producing new copies. Compared to a situation where anyone could Xerox/scan your book and sell it (or give it away) themselves, it creates "above-normal" profit for you.

But if you labor on a musical composition for a 1000 hours and only get one performance at $100, your compensation is equivalent to 10 cents a hour, correct?

You need to compose something good enough to warrant many more performances. There's no guarantee of income, much less "above-normal" profit.

Best, Charles



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