Online “piracy” isn’t looting. It’s capitalism. It forces dinosaurs to evolve or become extinct. The music and movie industries are in denial, mistaking progress for criminal activity. In fact, they’ve already benefited from piracy’s kick in the ass. Music piracy sites such as Napster forced an antiquated model to reinvent itself, and today we have solutions such as iTunes at a dollar per song and Spotify’s monthly subscription rate. These new systems didn’t kill the music industry; they saved it.
Today in Supreme Court History: November 14, 1922
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11/14/1922: Pennsylvania Coal Co. v. Mahon argued. The post Today in
Supreme Court History: November 14, 1922 appeared first on Reason.com.
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