Of course, with that mentality, Shakespeare would still be copyrighted. Classical works of literature become even more classic when they pass into the public domain and can be reinterpreted, reproduced, used, remixed, and changed by everybody.
You're misinterpreting my statement- I said that I wasn't convinced that valuable IP- that which captures the imaginations of large numbers of people- should slip into the public domain more quickly because of its popularity. I'm not arguing for indefinite/infinite IP protection- the commons must be fed. Its just a question of what, how much and at what rate.
As for reinterpretation etc.- that is already allowed within the period of copyright as long as the reinterpretation falls within certain perameters, like parody, critique, or education.
Other loopholes exist as well. For instance, in music, you need only do 2 things- give credit and pay small royalty fee to the songwriter- no songwiter can actually
ban you from recording their song unless he simply refuses to let
anyone do so (by not releasing it to the public). Otherwise, our culture would not have been enriched by Hendrix's versions of "All along the Watchtower" and "Hey, Joe"; Elton John couldn't have done his cover of "Lucy in the Sky with Diamonds"; the 900 different versions of "Louie, Louie"; and Rap.
Similarly, other copyrighted works have been reinterpreted within the span of their enforcement-
Gone with the Wind and
Wizard of Oz, for instance.
You really want to make me happy? Make copyright have a sliding scale- the number of times your IP can have its protection renewed depends upon its market value (the more valuable, the stronger the protection)- but give it a ceiling- say...life of the creator + 50 years.
The current New Yorker (May 14) Financial Page has an article on copyright expansion making a compelling argument for exactly the opposite. <edit>
In other words, strong IP laws are good for a dominant economy to secure its existing position, not so much for promoting innovation or getting there in the first place.
The Founders were definitely quite the brain trust, but they weren't perfect. After all, they definitely lagged on the human rights front.
As time has passed since the foundation of this country, the stronger the IP enforcement, the faster the rate of our technological improvements- a pattern repeated in country after country. And, as I pointed out, the countries that are not protecting the IP of others are now having their own IP poached- sometimes by their own citizens- causing a lag in development in their own countries, as China and Russia are finding out.
Just because theft- your own quote called it piracy- of someone else's ideas lets you get out of the gate faster doesn't mean its a good idea. Theft definitely drops the costs of entry into a market, making it easier for the thief to turn a profit. However, it definitely fails the test of Kant's Universality principle, and economically speaking, the easier IP is to steal without repercussions, the less likely it is someone will want to invest in producing & marketing it.