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Creative Destruction and Copyright
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| the newspaper industry is in the same death spiral as the recording industry,
| without the lawbreaking that’s commonly blamed for the recording industry’s
| troubles. And it seems to me that this poses a philosophical challenge to
| DeLong’s theory that the problem is a lack of respect for “property rights.”
| The decline of the newspapers is clearly a story of technological progress
| producing increased competition and entrepreneurship—precisely the sort of
| thing libertarians normally celebrate. The news business has gotten far more
| competitive over the last decade, and we’re now seeing a normal shake-out
| where the least efficient firms go out of business.
|
| I think the fact that this is happening in an industry without a piracy
| problem should give us second thoughts about blaming the decline of other
| copyright industries on BitTorrent. The newspaper example suggests that even
| if we could completely shut down peer-to-peer networks, we should still
| expect the recording industry to decline over time as consumers gravitate
| toward more efficient and convenient sources of music. Piracy obviously
| accelerates the process, but the underlying problem is simply this: the
| recording industry’s core competence, pressing 1s and 0s on plastic disks and
| shipping them to retail stores, is rapidly becoming pointless, just as the
| newspaper industry’s core competence of pressing ink on newsprint and
| dropping them on doorsteps is becoming obsolete. Not surprisingly, when a
| technology becomes obsolete, firms who specialize in exploiting that
| technology go out of business.
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http://techliberation.com/2009/03/03/creative-destruction-and-copyright/
Recent:
SXSW 2009 on BitTorrent: 6 GB of Free Music
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| The South by Southwest (SXSW) music festival is one of the largest and most
| popular in the United States. For the fifth year in a row, SXSW has released
| a DRM-free, RIAA-safe collection of songs totaling 6 GB, which can all be
| downloaded for free, thanks to BitTorrent.
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http://torrentfreak.com/sxsw-2009-on-bittorrent-6-gb-of-free-music-090312/
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