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Sunday, October 07, 2007

New Piracy Impact Report From I.P.I.

A new report from the Institute for Policy Innovation indicates that the total cost of piracy to the US is around $58 billion per annum. This report also indicates that these losses also cost the U.S. around 373,375 more jobs in direct and related capacities. My thinking is that although the losses may truly be high, $58 billion seems to be more than a little excessive. This report comes from what is undoubtedly an organization closely affiliated with the MPI and RIAA. Whilst piracy is certainly a big problem, there has to be a better answer than more legislation and lawsuits. Make the products cheaper and more accessible maybe, or even produce stuff that people would be willing to pay for. I don't have all the answers, but this report (partly propaganda no doubt) is certainly worth a read, should you care.

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