The biannual nightmare of midterms are over- oh you R1 profs with a few dozen students and a handful of teaching assistants, how ever do you survive? Seriously though, with the ballpark of 150 students, weekly homework and quizzes, and no
TA's, my baby steps towards automation have been my only hope of keeping a 60-hour workweek.
But I've realized I've held an increasingly morbid fascination with the news- namely the economy. How low can the Dow go? How low can crude oil go? How high can unemployment go? It has the feeling of watching a slow motion train wreck- you know it's going to be bad, and you can't do anything about it, but you have to watch anyways.
But I wonder in the middle of all these
bankruptcies , what happens to the Intellectual Property these companies own? They own lots of copyrights and patents- when the last staffer gets booted, and the office
furniture goes up for auction, who owns the ideas the company generated? I think they just go into limbo, the dead zone where they can neither generate revenues for compensating creditors, or otherwise be released for the public good- after all, if you haven't paid for your debts, you haven't really paid for generating those ideas in the first place. This is kind of useful for copyrights on things like computer software, and especially patents, which create a monopoly on the
idea of the technology. These limbo IP protections essentially lock out the technology from the economy for years or even decades.
Not what we need when we're banking on a tech-led recovery. Don't let anybody kid you, the recovery depends on rapidly increasing levels of productivity, not on the whole nation suddenly returning to the $5 latte counter at Starbucks
en masse. Increasing productivity has only meant one thing: technology.
We should really examine the nature of IP protections- have they gone too far? An information economy as we have allegedly become cannot be mired in these Gilded Age notions of monopoly- temporarily useful in the transition to an information economy. But the last Gilded Age ended after all with a Depression. As they say, trying the same things and expecting a different outcome is one definition of insanity. Strong IP creates monopoly and leads to stagnation and loss of innovation. This just feeds back to slowing the march of technology, and
back to another bubble of increasing consumption and diminishing productivity
- classic Malthusian economics.
Which brings up another point: who owns the information these companies have after they go bankrupt? I mean, after the servers are packed and sold at auction, and backup media are sold to scrap? I'm unaware of any regulations that require that the data is destroyed, and even if so, it's almost unenforceable against an entitiy that has ceased to exist.
We don't have privacy in the death of a company that owns our data, do we? I can only imagine what would happen if Facebook went under and that data was up for grabs.
So my idea is this- when the Feds bail out a company, they take ownership of the ideas and information that the company owns. They don't get to use the personal information- that has to be returned to the customer's ownership. But they do get to take ownership of the IP, to be either licensed out or placed into the public domain. I'd prefer Open Source, but that requires an owner entity, and that can just as well spring up out of the public domain as well.
After all, we should own our own information. And companies that lose their physical assets in bankruptcies should lose their IP assets as well- not just place them in limbo or hand them over to a rent-seeking IP monopolist as seems to be the case these days. There's too much public benefit lost even when we're paying for it anyway.