empire through Anne Cox Chambers and to Security Pacific National Bank, Dow Chemical Company, American Express, Sun Trust Banks, Inc., Trust Company of Georgia, and other investment firms.160 Before linking with Time, Warner Communication's interlocking directorates included Chris-Craft Industries, Inc., Salomon Brothers, Inc., and several law and investment firms.161 In 1992, Disney's board was linked to the Federal Reserve Bank of San Francisco, BankAmerica Corp., Pacific Mutual Life Insurance Co., Bank of California, Northwest Airlines, and L.A. Gear Inc. Additional ties linked it to oil and gas exploration, law, and real estate development firms.162 These networks serve to extend and broaden the shared stake held by the corporate core of the capitalist class in the existing economic system. At the same time, these common interests are highly concentrated in the hands of a tightly knit big-business community, making U.S. capitalism much more coordinated than competitive.
As this brief survey demonstrates, the ownership and control of informational and cultural industries, intellectual property, and the means of embodying and disseminating it constitute a valuable portion of the productive capital owned and controlled by the capitalist class. However, the task of defending and extending intellectual property rights is necessarily complex given the peculiar nature of intellectual property. This peculiarity of informational and cultural products distinguishes them from tangible forms of property and requires special mechanisms to facilitate the appropriation and exploitation of intellectual property. It also necessarily implicates the state in the process of conferring, extending, and protecting intellectual property rights. These themes are explored in the next two chapters.
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Publication information: Book title: Copyrighting Culture:The Political Economy of Intellectual Property. Contributors: Ronald V. Bettig - Author. Publisher: Westview Press. Place of publication: Boulder, CO. Publication year: 1996. Page number: 68.