This week's readings address the challenges of copyright and protecting Intellectual Property (IP) rights in the 21st century. The logistics of our "sharing economy" create a situation where it is very easy to share, distribute, publish and reuse other people's work - usually without permission - and thereby breaking the law. Our challenge is to strike the balance between acting ethically while still participating in this sharing economy that is facilitated by social media and widespread access to the internet. Many industries wrestle with this quandary - the readings this week look at the music, software and fashion industries. In addition, the idea of "Creative Commons" licensing is introduced.In light of the current sharing economy and widespread use/reuse of other people's work, do you feel that it is time for a revisiting of copyright laws? Do you feel that the current approach to regulating Intellectual Property (IP) is effective and still useful in the digital age that we live in? Defend your thoughts and explain. In light of the current sharing economy and widespread use/reuse of other people's work, do you feel that it is time for a revisiting of copyright laws? Do you feel that the current approach to regulating Intellectual Property (IP) is effective and still useful in the digital age that we live in? Defend your thoughts and explain