Monday, March 25, 2013

A Property Rights Victory

Six months ago, I voiced concern and lamented the very existence of a Supreme Court case that threatened the most basic idea of property rights. Due to business people who shiver at the thought of even limited competition, the outcome of Kirtsaeng v. Wiley could have prohibited the public from reselling their own things that happened to be assembled outside the country without the copyright holder's permission. How many books, cars, CDs and other products are made outside of the US? If you guessed anything less than "a lot" - you would be wrong.

Luckily, the Supreme Court decided last week that if you buy something, you own it - end of story. The fact that the Supreme Court even entertained the case is frustrating enough but the fact that we are all forced to put our faith in nine individuals to uphold the most basic rights is flat-out terrifying. At least the Court upheld the rights of the consumer to do what they want with their own property.... this time.

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