Copyright

” Economists assumed for decades that frms emerged to lower or eliminate transaction costs and coordination problems. But as it turns out, fast, efcient, and dependable communication, guided by protocols both social and digital (a process Benkler calls “integration”), can generate brilliant and powerful tools and expressions. Benkler concludes,” stood out to me when reading this article. “Copyright is a limited monopoly, granted by the state, meant to foster creativity by generating a system of presumed incentives.” Copyright is something that has been in existence for a while now and is a monopoly. An example I found interesting was Catherine Hettinger. A woman who took her invention, the fidget spinner to the VP of Hasbro in 1997 and was rejected by the major toy manufacturing company. According to news.com “the craze came a little too late for Ms Hettinger, whose patent on the original product expired earlier this year. That means companies like Hasbro can sell their own versions of the toy without Ms Hettinger, who insists she’s not upset about missing out on the toy industry’s latest fad.” She gets nothing and major companies are making millions off this latest fad. Although she claims to not be upset by this, she is trying to get a kick start campaign started to be able to sell her original idea of the fidget spinner. This is the importance of a patent and copyright. We live in a world where someone’s idea is great but the way you market it is what sells, not the product itself.