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    IP owners pricing
    themselves out of market

    There is no denying that intellectual property rights (IPR) must be protected against those who violate them, but when the owners of these rights are the ones abusing such rights by pricing their products beyond the reach of the public, such rights must be tempered or, in the words of educator Romulo Neri, such greed must be moderated.

    The public sentiment is that products sold by IPR owners are so ridiculously priced that consumers, whether rich or poor, are left with no alternative but to patronize the fakers and the pirates who believe that selling them by the dozen makes their wares cheaper in the eyes of their direct buyers.

    After all, according to the World Intellectual Property Organization (Wipo), a specialized agency of the United Nations, its purpose is how to develop a balanced and accessible international intellectual-property (IP) system that rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest.

    That is the problem. Products invented or marketed by owners of trade marks, patents and other such products have become inaccessible to the patronizing people so much so that buying them on retail basis has made it so economically unreasonable.

    The common argument by those who are against intellectual piracy is that inventors and owners, including musicians and other innovators, invested so much for their works that they deserve to be properly compensated.

    They, it seems, are not believers of the law of supply and demand or of the economies of scale that, in so many words, mean that producers must not price their products beyond the means of the market.

    Why is there so much smuggling in our country? It’s because imported products sold that pass through Customs are so expensive with so many taxes and tariffs tacked to every item the consumers buy.

    Musicians, artists and movie producers, for instance, are complaining that their compact discs (CDs) are not selling because pirates from China and other imitators are selling the same items like hot cakes.

    Who wants fakes? But fakes have their own excuses for being. As for the rightful owners of the products they sell, the high cost of production should not be an excuse to overprice the people.

    Wipo director general Kamil Idris, during the World IP Day early this month, said, “The man or woman in the street might wonder just what makes IP worth all this effort” to curve piracy.

    “What, they might ask, do the workings of copyrights, patents, industrial designs or trademarks have to do with the really big issues, like how to stop global warming, or with the things that add spice to life, like watching their favorite athletes perform in this year’s Olympics?” asked Idris.

    “The answer is that, without IPR, many new technologies developed to tackle global problems would never see the light of day, and the great sporting events, which entertain and unite us, would not be broadcast into homes across the globe,” he explained, though not quite that convincing.

    He forgot to emphasize, intentionally or not, that when such rights were granted to their owners, the idea was to make their products more accessible and less expensive for the good of the public.

    Let’s ban the mass production of fake CDs and similar products, but let us also require the producers to price their so-called rights accordingly, meaning in according to the dictates of conscience and the market.  

    E-mail: raulbvalino@yahoo.com.ph.

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