I would make the arguement that something is not valueable due to scarcity or difficulty in making. Their are plenty of things that are “rare” and downright impossible to make, yet are valued very lowly, like say brain tumors. Who would pay for a brain tumor? You also have that issue that even in the exact same circumstances two people will place a different value on an object. Take two identical twins who just went bankrupt (all they own are the identical sets of clothes they are wearing) and give each of them $1,000. They will not both be willing to spend the same amount of money for different objects. Say one is a vegetarian, he/she will not buy a cheeseburger for $1.00 even though the twin might be willing to spend $1.25 for the same cheeseburger. The cheeseburger has the same rarity and labor required for production in both cases, and both twins worked just as hard for the $1,000 and each twins money has the same “scarcity”.
I hold that value (in a monetary sense) is NOT an intrinsic value, it’s a psychological concept or construct. Put bluntly something is worth exactly what you are willing to pay for it (to you) and is worth exactly what the person owning it is willing to sell it for (to that person).
As for profits on intelectual property rights, I’ve often wondered what the reaction of authors were when public libraries were first introduced. Think about it, a library buys your book and then perhaps hundreds of people get to read it! That library has just cost you profits if just two people would by that book if the library didn’t carry it! I’ve personally read thousands of books from libraries (I’m only 19, hopefully I’ll get up to 10,000’s before I die =) other than for plane or bus trips I can’t remember buying a single book in the last 5 years. Now, overall I do belive that libraries help authors (I’m sure the Asimovs, Clancys and Kings of the world would agree) but really, wouldn’t an author complaning about the advent of the public library have just as valid complaints as anyone does against MP3’s?
I will admit that these are different situations, so let’s change it a little. You get a book from the library and read it out-loud to your child in the park, nothing wrong with that right? Now you read it out-loud over a megaphone to hundreds of people at the park. Now you read it out-loud over a website audiocast. At what point, if any, does this become morally wrong? What’s the difference between webcasting it in audio form and webcasting it in text form. How does doing the same with music differ morally?
As for Eonwe, you’re partially right, but that doesn’t mean we have to give up. I can’t see any way that we’ll stop computers from developing into a music on demand service (hear any song you want, any time you want) this does not however mean that we have to give up intellectual property rights, or assume that artists won’t be able to make a profit. How you ask? New technology. Imagine this, it’s 50 years in the future every audio device (Radios, tape machines, cds) that we currently use for music has been replaced by a portable device with a 10gb HD and a wireless modem. The government has set up a big server in the sky that will allow you to download, save and play any copyrighted song that has been submited to it. Each song has a watermark embeded in it, and your player keeps track of every song you play. Every night your player will send a short e-mail with a list of every copyrighted song you listened to that day to a server that will compile on a nationwide level how popular each group/artist is, who will then get paid an appropriate portion of tax revenues from a special tax levied for this purpose.
Yes, there are “Big Brother” concerns as well as cheating. I woudl rather we deal with these problems (i.e. each player will only keep track of the first 10 tracks you play per artist per day, so that people don’t just put a player on repeat) than see profit potential for musical artists drop severly. I seriously think such a system could help everyone, music on demand for all, no incentive to pirate music, small bands could make money off of a nationwide “underground” popularity, and big bands could still make money.
Whew, I can’t belive I wrote all that, and it’ll really impress me if you read it all too!
Kerinsky