> The confusion of intellectual property and property rights is fair enough given the name, but intellectual property is not a property right at all. Property rights are required because property is rivalrous and exclusive: When one person is using a pair of shoes or an acre of land, other people’s access is restricted. This central feature is not present for IP: an idea can spread to an infinite number of people and the original author’s access to it remains untouched.
> There is no inherent right to stop an idea from spreading in the same way that there is an inherent right to stop someone from stealing your wallet. But there are good reasons why we want original creators to be rewarded when others use their work: Ideas are positive externalities.
> When someone comes up with a valuable idea or piece of content, the welfare maximizing thing to do is to spread it as fast as possible, since ideas are essentially costless to copy and the benefits are large.
> But coming up with valuable ideas often takes valuable inputs: research time, equipment, production fixed costs etc. So if every new idea is immediately spread without much reward to the creator, people won’t invest these resources upfront, and we’ll get fewer new ideas than we want. A classic positive externalities problem.
> Thus, we have an interest in subsidizing the creation of new ideas and content.
And so you can reframe whether or not IP rights should be assigned in this case, based on whether you believe that the welfare generated by making AI better by providing it with content is more valuable for society than the welfare generated by subsidizing copyright holders.
[1] https://open.substack.com/pub/maximumprogress/p/ai-copyright...