Social Capital and Intellectual Property Term Paper

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The argument for intellectual property is rationalized by describing the process in which the product or commodity goes through. For example, a new song is the intellectual property of the individual or individuals who have created it. Record companies go through the expense of buying the rights to the new song, mass producing it, and marketing and advertising it so that the public will know about this new 'product' because of the value that they put to the creator's right to his product, which is an intellectual property.

The same argument is extended in the concept of social capital. Although social capital means the production of an idea or commodity for the society, it is vital to take note of the economy under which the commodity or idea is produced. Or specifically, it is important to know the intention of its creator as she or he produces that product or idea. If the creator creates the idea or commodity for economic reasons, and there are people who are willing to pay for the ownership of this idea or commodity, then all people are subjected to pay in the same way that other members of the society are willing to pay for the said idea or commodity.

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This is why social capital must become a collective effort: its very notion or meaning is based on consensus -- that is, the distribution and payment of an idea or commodity must be based on the collective agreement of the majority to pay the creator in order to give credit to his right to his intellectual property (which is the idea or commodity)......

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https://www.aceyourpaper.com/essays/social-capital-intellectual-property-61941
   

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