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temporary monopoly on certain activities granted to the creator
author may "sell" and/or "license" the material part of this monopoly, but may only "waive" the moral part
while some authors wish to collect royalties to express their material rights, royalty collection is only one business model among many. Copyright is not a "right of remuneration"
Free/Libre and Open Source Software (FLOSS), Creative Commons, Open Access and other initiatives do not replace copyright, but help copyright holders express their material rights using a full spectrum of creation, distribution and funding models.
"Copyright is to creativity like water is to humans; too little and you dehydrate and die, too much and you drown and die"