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"In 1998, when Congress retroactively extended the term of copyright protection to the life of the author plus 70 years – to protect works like the Mickey Mouse film “Steamboat Willie” – it was not acting as if the purpose of copyright were to spark innovation. If anything, such an extension retarded artists who wanted to build upon or play with works made in the 1920s and 1930s. Instead, Congress just wanted to reward powerful interests that had lots of lobbying power."

When Intellectual Property Law Is Not Just for Oligarchs - Room for Debate - NYTimes.com