Fix Copyright for a Creative World

This article is for subscribers only.

Feb. 12 (Bloomberg) -- In a parallel universe, PresidentBarack Obama, a progressive Democrat, says the following in hisState of the Union address:

Creativity is central to our prosperity and progress. TheConstitution recognized this by granting Congress the power of“securing for limited Times to Authors and Inventors theexclusive Right to their respective Writings and Discoveries.”Copyrights give creators a financial incentive to produce newworks.