by Seth L. Cooper
Free State Foundation
December 05, 2012
The Internet Radio Fairness Act’s provisions, wisely or not, operate entirely within a system in which a government bureaucracy, not market mechanisms, determines quantities and prices for services. But a commitment to the rule of law and free market principles would mean a complete overhaul of the existing regime for music copyright licensing royalties. Part and parcel of any legislative deliberations regarding reform to the existing music copyright royalties system should include concrete steps to eliminate compulsory licensing and ratemaking in order to finally transition to a free market for music in which copyright holders and users are all treated equally, regardless of the underlying technology involved.

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