In a discussion on the Mises Economics Blog I’ve decided the term “Media Carried Property” (“MCP”) is far more self-explanatory of the concept I’ve been advocating as logorights for three decades than any use of the abbreviation “IP” — either as Intellectual Property or even my own previous usage, Informational Property.
The implications of this debate inevitably extend not to the narrow discussion of “IP” but to all property. This will happen because at some point technology will more than likely enable Star Trek-like transporters in which matter is disassembled then reassembled elsewhere and “material identity” will be the defining feature of all property; or because human beings will enter into virtual realities where, once again, no property has a physical presence other than “material identity.”
In fact, any truly advanced technological civilization, if it has property rights at all, will regard an original “sample” as the only property worth having, since everything else will be replicable.
So, now’s the time to stake out the defining propertarian position for the rest of economic destiny. If the Stephan Kinsellas do manage to wipe out what they call IP and I’ll now be calling MCP, the future will eventually be one with no property rights at all.
Mises Economics Blog: The Origins of Libertarian IP Abolitionism