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RIAA File-Sharing Lawsuits Top 10,000 People Sued
An anonymous reader writes "While Firefox broke the 50,000,000 barrier today, the RIAA broke a more
dubious barrier this week: It has now sued over
10,000 file sharers for copyright infringement, making it a good time to ask
if the RIAA will ever throw in the towel. Taking an academic look at
what's best for the industry, this
economics article shows the financial upside to P2P file sharing. And
on the flip side, this
legal article argues that file swappers have a constitutional right to pay
much smaller penalties than the millions of dollars they can be liable for under
copyright law, making the RIAA's lawsuits much less profitable."
There once were many people who made their living on producing horse drawn wagons. Then the automobile was invented and there was very little demand for horse drawn wagons. So, eventually, although some still continued to buy wagons, the wagon industry became obsolete. Essentially, the same thing is happening here. Only the RIAA has a lot more money, and is very afraid of becoming obsolete.