50 years of symbolism
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Unlike the smiley face logo of Harvey Ball, it quickly became an iconic symbol, but like the smiley face, the peace symbol was not copyrighted. Holtom's intent was always to encourage free distribution for the cause of peace. Ball just didn't know better, although Walmart has successfully copyrighted a rip-off of the smiley face that it uses to promote price reductions on goods imported from China.
Although Mr. Holtom never received financial compensation for his work, he may have considered worldwide acceptance gratitude enough. Now if we could only get folks to stop building nuclear weapons and shooting down satellites to prove it can be done we might have a chance. Let's at least give ourselves that as my old friend John used to say.
sources:
history of the peace symbol