Showing posts with label financial instruments. Show all posts
Showing posts with label financial instruments. Show all posts

20 October 2008

Surely Shome Mishtake?

People seem a little confused here:

Please note: this article is password protected and only available for IP-Watch Subscribers.

...

This work is licensed under a Creative Commons License. All of the news articles and features on Intellectual Property Watch are also subject to a Creative Commons License which makes them available for widescale, free, non-commercial reproduction and translation.

Or maybe they mean the statement that the article is password protected is under a CC licence...

Anyhow, this confusion about intellectual monopolies is highly appropriate, given the subject-matter of the article:

Intellectual property and financial stakeholders, representatives from developing and developed countries, and nongovernmental organisations are in Vienna this week to work on a global guide on how to use intellectual property as collateral in commerce.

Got that? After one of the worst economic crises in recent history, caused by pyramids of non-existent wealth being constructed on totally fictitious financial instruments, they now want to use "intellectual property" as "collateral" in commerce - that is, more totally fictitious financial istruments to create another pyramid of non-existent wealth.