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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Gábor Kertész
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DOI:10.17265/1537-1514/2021.05.004
Affiliation(s)
International Business School, Budapest, Hungary
ABSTRACT
Illegal copyright abuse affects a huge amount worldwide, while another similar amount is consumed by the operation of an often unsuccessful royalty system. The 2020 EU report on the protection of intellectual property estimates in the damage caused by “pirated products” to €121 billion. I am looking for a brief answer how to find a more effective legal protection system for right holders against the negative economic effects of the “pirated” products. To find an answer, I analyze historical, economic, and legal examples that ultimately give the impression of an international organization with a new or changing system of responsibilities and operations, the operation of which would make all known intellectual property right infringement practices commercially redundant or unprofitable. The title proposal concludes the analysis by saying that if, with the help of an international organization, the community buys intellectual property from public funds and allows anyone to produce it for a special tax for anyone, it would make business sense to spend money on “piracy” and defense against it.
KEYWORDS
intellectual property, royalty, World Intellectual Property Organization (WIPO), piracy, right holder
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