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June 25, 2007
Artists full employment act c. 1907
The June 25, 1907 NYT reports the following mind-boggling story: The snapshot photographer in Germany is threatened with exinction after July 1, owing to the great risk he will run of being mulcted in heavy fines under the new act which goes into force on that date. The right of all persons to the exclusive reproduction of their own portraits or pictures of their houses or belongings is by the new enactment made obsolete.This artist-rent-protection law is similar to a law that was being debated during this time in France, which the NYT had reported on earlier in the week. The French were considering taxing the "classics" of literature, i.e., the books written by dead writers, in order to ensure a greater income for living authors. In a bizarre argument that sounded like something out of Atlas Shrugged, it was suggested that the writers of the "classics" were, after all, dead, and it wasn't fair that the new, living, writers had to compete with them. The article describing this French law mentioned that the idea had snuck across the Channel and that the British were in the early stages of discussing a similar law. Amazing. Yet another reminder that our contemporaneous politicians do not have a monopoly on bad ideas. Posted by Craig Depken at 09:47 AM in Economics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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