[citation][nom]gg123[/nom]Of course "intellectual property" is a fraud. At the beginning it was called "privileges" or "monopolies" etc, it is a creation of the State.Indeed you can't own an idea or series of electrical signals 100110 etc. so there's no crime in downloading stuff from the Internet or trying to copy a recipe you've seen on TV.However stealing a DVD is theft for the obvious reason that it is a scarce resource and that by doing so, the legitimate owner of the DVD will have no DVD left.But the problem here is that this employee broke his contract.I guess he had agreed not to make this knowledge/idea/code public and only to use it while working for Goldman Sachs.So he has broken an agreement and Goldman Sachs has the right to demand reparation.(Although some might that argue that Goldman Sachs does not deserve anymore money since it is actively participating in robbing and enslaving the taxpayers of this planet but... that was not the point I wanted to make)[/citation]
Intellectual property is not a fraud. This is no different than music or books. If you copy someone else's term paper and turn it in as your own for a class, that's plagiarism and you can, and should, be expelled. No actual physical paper was stolen, but you misrepresented the ideas on that paper as your own.
What this employee did was accept payment for a company to create something, which he did. That something belongs to the company that paid for it. If an employer can not own what is created by people they hire to create for them, they will simply stop paying people to make things, which, in case you do not understand, means they stop hiring people.
This mentality of "I am entitled to use what anyone else has or comes up with" is one of the propblems our society and culture has today. If this person wanted to retain rights to the software he made, he should have come up with it using his own resources, not take money from someone else to make it.