On Thursday the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet organized a hearing on the role of copyright as a driver of innovation in the United States . . .
The CCIA, which includes members such as Google, Microsoft and Facebook, submitted a statement debunking what they see as copyright industry propaganda. The tech industry association explains that tougher copyright can actually hinder innovation.
“Arguments that ever stronger regulation incentivizes innovation overlook the ways in which excessive protection can inhibit innovation,” the CCIA writes.
“Every year that a work is covered by a copyright is a year that subsequent users cannot build on that work. While incremental protection may provide additional reward to the author, society pays for this reward by being deprived of follow-on use, while the author and his or her heirs accumulate profits.”
“For this reason, protection exceeding the amount necessary to incentivize innovation represents a dead weight loss to the economy” . . .