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Hollywood Says Piracy Has Ripple Effect

ColinPL writes to mention a Washington Post article about a new study backed by Hollywood on intellectual piracy. The study, which they're presenting to lawmakers today, claims that piracy has a ripple effect on the economy. According to the study, lost revenues may have as much as three times the impact previously imagined. From the article: "Lawmakers and federal agencies such as the Justice and State departments have helped Hollywood battle physical piracy -- specifically, counterfeit DVDs. But now the stakes are especially high for entertainment companies as they sell more of their products online in the form of digital songs, movies and other intellectual property. Internet piracy may be tougher for lawmakers to conceptualize, entertainment companies fear."

59 of 309 comments (clear)

  1. Wrong word... by WickedLogic · · Score: 3, Insightful

    I think the word Hollywood is looking for is *hoodwink*.

    1. Re:Wrong word... by LordEd · · Score: 4, Funny

      They can find it here

  2. Coming soon to a head near you by aztektum · · Score: 2, Interesting

    Eye implants, ala Minority Report. Only instead of just targeting you with advertising when you go somewhere, they also dictate what digital media, books, magazines and lazer light shows you can view. If you paid your fee you can see for the day.

    --
    :: aztek ::
    No sig for you!!
  3. The entire movie industry by Tweekster · · Score: 5, Interesting

    is sooo small economically wise it is rather pathetic they have as much pull as they do...the candy industry is about 10 times the size

    --
    The phrase "more better" is acceptable English. suck it grammar Nazis
    1. Re:The entire movie industry by TubeSteak · · Score: 5, Insightful
      The entire movie industry is sooo small economically wise it is rather pathetic they have as much pull as they do...the candy industry is about 10 times the size
      FTFA:
      "It's important to remember, however, that even though piracy prevents money from reaching the movie industry, those dollars probably stay in the economy, one intellectual property expert said."

      Translation: It doesn't really matter if they take their made up number and multiply it by three. The economy wasn't hurt.
      --
      [Fuck Beta]
      o0t!
    2. Re:The entire movie industry by patrixmyth · · Score: 4, Funny

      Shh!! Don't give them any ideas, or we'll have CRM (Candy Rights Management), and I won't be able to share my skittles. Oh wait, that would actually be a good idea. Get your own damn skittles, hippie, these are mine! Proceed.

      --
      "Don't you know you're going to shock the monkey?"- Peter Gabriel
    3. Re:The entire movie industry by tddoog · · Score: 5, Funny

      Hollywood props up the monstrous candy industry. Just think of that $10 box of raisinets you buy at the theatre. This is exactly the kind of ripple effect they are talking about. No movie patrons in the theatre => no candy sales => no $2000 root canals. Won't someone think of the dentists?

    4. Re:The entire movie industry by Znork · · Score: 4, Insightful

      "The economy wasn't hurt."

      Actually, quite the opposite. Considering that the IP industries are particularly inefficient in their production as protected entities, the economy as a whole _gains_ from the failure to enforce their monopoly priviliges.

      Piracy means the economy as a whole gains _both_ the wealth inherent in an extra copy of a certain material for the particular consumer _plus_ the wealth inherent in whatever else the money is spent on.

      Translation: The numbers made up by the industries are completely irrelvant, IP is merely a method of redistributing wealth to achieve a specific purpose, similar to taxes, and as such the only interesting measure is wether a) the money actually goes to it's intended recipient and b) wether it's an efficient use of resources.

    5. Re:The entire movie industry by Sathias · · Score: 5, Informative

      The more money the movie studios get, the more money that gets given to actors. More disposable income in an actors hand's means they will snort more coke. Buying more coke means drug dealers get more money, which means the cash goes into the black market. And if the government is to be believed, it will end up in the hands of terrorists.

      Do your part for the War on Terror now, download some .avi files!

      --
      Blessed are the 1337, for they shall pwn the earth.
  4. More on the Study by eldavojohn · · Score: 5, Funny
    The study, which they're presenting to lawmakers today, claims that piracy has a ripple effect on the economy.
    The study also claims that piracy is on the rise to become America's number one killer by the end of the year. It claims that piracy is capable of running rampant down the street and reeking havoc everywhere.

    They interviewed a crew hand from Waterworld and, aside from forcing him out of a job, the unnamed victim reported that piracy forcefully entered his home and raped him in front of his youngest son. Piracy has taken not only his source of income but also the joy that he and his son once shared.

    The report concludes with piracy being at large and dangerous. Piracy is capable of flipping bits in a pattern that resembles music and is also known to cause cancer.

    The study, which they're presenting to lawmakers today...
    So when are lawmakers presented with the Piracy Is Actually Pretty Bitching for Consumers report? What about the Economics Research is Bullshit & Baseless report? Oh, that's right, the other side of the issue never gets to hear it's voice heard and no alternatives will ever be explored. Silly me.
    --
    My work here is dung.
    1. Re:More on the Study by TubeSteak · · Score: 4, Interesting

      "According to the L.E.K. study, 38 percent of all movie piracy occurs on the Internet, with counterfeit DVDs accounting for the rest."

      Caption of the picture:
      Pirated-movie distribution operations such as this one in New York mean a loss to industry of about $20.5 billion per year, lost opportunities for about 140,000 new jobs and $800 million in lost tax revenue, the study says. (Recording Industry Association Of America Via Associated Press)

      60% of piracy has NOTHING to do with the internet
      XYZ x 60% = ~$20.5 billion

      Despite that, the MPAA does exactly what the RIAA has been doing with its plethora of lawsuits aimed at filesharing instead of targeting counterfeiters.

      --
      [Fuck Beta]
      o0t!
    2. Re:More on the Study by deathy_epl+ccs · · Score: 2, Insightful
      Despite that, the MPAA does exactly what the RIAA has been doing with its plethora of lawsuits aimed at filesharing instead of targeting counterfeiters.

      Easier to crea... collect evidence and pursue... heck, none of them have to leave their offices to do it, whereas somebody selling physical disks, ya gotta actually catch 'em at it, get 'em to sell you a disk or 3, and so on. File sharers, ya just gotta show some screenshot of your computer with some names of songs on it, point your finger, and yell real loud.

  5. Not really much of a surprise... by Gadgetfreak · · Score: 4, Insightful

    *Everything* has a ripple effect on the economy. That's why it's called "the economy" as a whole. You can't expect a noticeable shift in traditional cash flow to not have at least some sort of chain reaction or reactions elsewhere.

    --
    "No fair, you changed the outcome by measuring it!" - Professor Hubert J. Farnsworth
    1. Re:Not really much of a surprise... by mlmitton · · Score: 4, Insightful
      It's sillier than that. The money that would have paid for all the popcorn and ushers doesn't disappear; it just doesn't go into the entertainment industry. Consider the extreme case: everyone pirates all movies. Here, the entertainment industry will disappear, but the video game industry (or tourism, or books, or whatever you want to put here) *grows*. These "ripple effects" are straw men designed to get society to think it impacts them. There would be a negligible impact on GDP or taxes.

      The more technical detail: it's the difference between a partial equilibrium and a general equilibrium model of the economy. In the partial model (the supply and demand curves we all know and love), you assume that you've completely modeled all relevant aspects of the economy, or rather, you assume nothing else matters. It's an incredibly useful approximation in many cases, but an approximation all the same. In general equilibrium, everything (theoretically) gets modeled--all the goods remotely related to entertainment, income, where income changes get spent, and so on.

      The idiocy of these "ripple effect" arguments is that they're using partial equilibrium to derive general equilibria effects! In other words, they're using a model that assumes nothing else matters to draw conclusions about the very things the model says doesn't matter.

      --
      "My girlfriend's got sodium laureth sulfate hair."
    2. Re:Not really much of a surprise... by Technician · · Score: 3, Insightful

      *Everything* has a ripple effect on the economy. That's why it's called "the economy" as a whole. You can't expect a noticeable shift in traditional cash flow to not have at least some sort of chain reaction or reactions elsewhere.

      Entirely true. The money spent on CD's, DVD's, Video Games, Movie tickets is not spent at Applebees, Disneyworld, Six Flags, US Forest Service, etc. The consumer has a limited income. It is either saved for retirement, spent on the requirements such as shelter, food, clothing, or entertainment. The expendible portion and it's ripple effect is a two way street. It makes a diffrence where the consumer spends the money. It is not a one way street of if the consumer spends the money or not.

      If the percieved value for the money is not there and there is a piracy way to acquire the music, Then the money will be spent on someting of tangible value such as a concert ticket or an I-Pod.

      --
      The truth shall set you free!
  6. Easy to make them conceptualize it. by krell · · Score: 4, Insightful

    All Hollywood has to do is change the language so words like "theft" apply to non-applicable situations such as copyright infringement. After they succeed at this, they can transmute the words arson, rape, and murder to describe it. Make sure "think of the children" is mentioned occasionally.

    --
    Where were you when the voynix came?
  7. Other things that have ripple effects. by Demon-Xanth · · Score: 5, Insightful

    Making crappy movies.
    Sueing your audience.
    Making your customers go through crap that people who don't pay don't have to go through.

    --
    If you think education is expensive, you should try ignorance -- Derek Bok, president of Harvard
  8. Um... by Pancake+Bandit · · Score: 5, Insightful

    This study recieved funding from NBC Universal and the MPAA. Why am I having a hard time taking it seriously?

  9. Ripple Effects... On DVD Purchases... by __aaclcg7560 · · Score: 4, Insightful

    I stopped buying DVDs since I'm never certain if the version out today won't be replaced by a extended version in six month and/or a gift box set next year. I want to spend my money only once. Not twice or thrice for the same product with extra features that should've been there in the first place.

    1. Re:Ripple Effects... On DVD Purchases... by ShibaInu · · Score: 4, Insightful

      So, when the new version comes out, your old version suddenly becomes unwatchable? Seems to be that whatever content you had is still there. The problem isn't that Hollywood does this, the problem is that people reward them by buying the stuff.

    2. Re:Ripple Effects... On DVD Purchases... by Satan+Dumpling · · Score: 2, Insightful

      I don't see what that has to do with self control. They rarely announce that the standard dvd comes out now, the extended directors cut comes out in six months, and the super collosal box set next year. They add stuff later to force those who really like the product to buy it again. Or con those who were on the fence and didn't buy the first go round to buy it now. If you want the best version, sometimes all you can do is buy again and Ebay the first one. Right now I'm putting off buying Underworld II because they got me with an extended Underworld I version 6 months later. I gave the old one away...

    3. Re:Ripple Effects... On DVD Purchases... by Monkelectric · · Score: 2, Insightful

      It's essentially a penalty for being a fan.

      --

      Religion is a gateway psychosis. -- Dave Foley

  10. Ripple? by misleb · · Score: 4, Funny

    Ripple effect is fine. I just don't want to see a butterfly effect. One person pirates, and the next thing you know we have a chimpanzee for president and our rights are being eroded every day... Oh damn.

    -matthew

    --
    "THERE IS NO JUSTICE, THERE IS ONLY ME." -Death
    1. Re:Ripple? by ZeroExistenZ · · Score: 3, Funny
      I don't want to see "The Butterfly Effect" either.
      I even don't want to pirate it...
      --
      I think we can keep recursing like this until someone returns 1
  11. Keyword here... by DittoBox · · Score: 5, Funny
    lost revenues may have as much as three times the impact previously imagined.

    Need they say more?

    --
    Good. Cheap. Fast. Pick Two.
  12. Piracy by Led+Nudd · · Score: 4, Funny

    It's important to remember, however, that even though piracy prevents money from reaching the movie industry, those dollars probably stay in the economy, one intellectual property expert said. Ridiculous! Doesn't everybody do what I do? That is, sink every penny I save through downloading pirated films into doubloons I keep buried in a chest in my back yard. Pieces of eight! Pieces of eight!

    1. Re:Piracy by johnw · · Score: 5, Funny

      No, it's "Pieces of seven! Pieces of seven!"

      That's a parroty error.

  13. Another broken window argument by Colin+Smith · · Score: 4, Insightful

    Hmm, perhaps the memories of the members of parliament, senators, congressmen and women should have their memories refreshed.

    In fact, it's the pirates who benefit the economy most, they produce the goods at a far lower cost, the benefit is far and wide, what is saved on music and videos can be spent on more important items.

    --
    Deleted
  14. Study finds need for more studies by sinij · · Score: 5, Insightful

    Hollywood study finds that Hollywood deserves more money. Big surprise?

  15. Doesn't make sense by Joe+the+Lesser · · Score: 2, Funny

    What about the study about how only three movies this summer were bearable to watch?

    (Pirates, Sunshine, Superman)

    --
    "I only speak the truth"
    Karma: null(Mostly affected by an unassigned variable)
  16. Consider the ripple effect of DRM by fwittekind · · Score: 2, Insightful

    Which has a worse effect on the economy? Think about it for a sec... It increases costs of R&D of consumer electronics, it delays to market consumer electronics. It makes so only a select few can market products that will play the content. It makes the hardware more expensive. It decreases the size market that might buy the content.

  17. Champions of morality... by CrazedWalrus · · Score: 4, Interesting

    ...now that immorality is hurting them. Is this the same Hollywood that has been overtly hostile to people who insist that there is such a thing as right and wrong? Piracy is just one of the many effects that Hollywood's fuzzy morality is having on society, and it happens to be the one that's directly biting them in the ass. I don't feel a bit sorry for them. In the various ways they've attacked traditional values over the years, I can't help but wonder how they didn't have the foresight to expect their current predicament.

    -Walrus

    1. Re:Champions of morality... by Travoltus · · Score: 4, Insightful

      They've undermined the authority of parents by luring their children into their culture of natural born deviancy (and now complete and utter stagnation), and especially, they've been encouraging kids to be rebellious.

      Now that rebellion has returned home.

      Hollywood can boo hoo hoo all they want to, but the truth is, you always reap what you sow.

      --
      --- Grow a pair, liberals... stop letting the Republicans bully you!
  18. Commercial copyright falling in value ? by quiberon2 · · Score: 2, Interesting

    Now that anyone can record a song (that they wrote themselves) in their own home and distribute it over the Internet, isn't that going to reduce the value of the commercially-produced ones that the 'labels' make ? In effect, the 'control of the distribution channel' is gone, and we will be flooded with potentially-brilliant music for free (as advertising for band concerts, or as hobby).

    To a lesser extent, it must be true of films, too. I don't think many individuals are capable of producing 'Star Wars' at home; but maybe some collaborations are.

  19. Re:Wrong word... Has to be said... by patrixmyth · · Score: 5, Funny

    Vizzini: Inconceivable.

    Inigo Montoya:, You keep using that word. I do not think it means, what you think it means. ...

    --
    "Don't you know you're going to shock the monkey?"- Peter Gabriel
  20. Voodoo by ObsessiveMathsFreak · · Score: 4, Funny

    RIAA: Those danm Pirates are attacking our economy with their Voodoo Economics!!

    Pirate: Arrr!! But 'tis naught to the voodoo that you do so well!! Ye scurvy dogs!

    --
    May the Maths Be with you!
  21. Who Wants to Copy this Stuff?? by mrs+clear+plastic · · Score: 4, Interesting

    There has been nothing worth copying! The stuff they put out is so pathetic that I would not want to waste bandwith copying.

    I have not been to a first run flick for over 1 year. I have been seeing only 70's and 80's classics such as Blade Runner and Xanadu and James Bond.

    Hollywood's product has really be very dissapointing to say the least. Perhaps Congress shall pass laws that dictate minimum quality to this stuff.

    Luv

    --
    Cleara
  22. Ummmm, I don't think so. by khasim · · Score: 5, Funny
    "It's important to remember, however, that even though piracy prevents money from reaching the movie industry, those dollars probably stay in the economy, one intellectual property expert said."

    I'm pretty sure that pirates bury their loot on tropical islands.
  23. Hollywood economics by AlzaF · · Score: 2, Informative

    Hollywood needs to start getting its house in order before it can critise piracy for it's falling profits. http://www.nytimes.com/2006/08/19/business/media/1 9hollywood.html?ex=1313640000&en=a3d7d097e8c79a00& ei=5088&partner=rssnyt&emc=rss

  24. Ripple Effect BS by minerat · · Score: 2, Informative

    The multiplier effect Hollywood is referring to is a well known economic priciple. Basically money spent in the economy has a ripple effect greater than its actual amount (money spent helps pay someone's salary, who then uses the money to go out and buy goods, etc). The assumption they're erroneously making is that the money not being spent on movies because of piracy (and let's face it, they grossly overestimate that by claiming that every pirated copy is a lost sale) is not being spent elsewhere in the economy instead, thus making ZERO NET IMPACT on the economy as a whole - it's just Hollywood that loses out as spending shifts to different areas.

    --
    ...and you've eaten your pen. simply stunning.
  25. Hollywood Lies! by pfz · · Score: 2, Interesting

    Any study that is backed by "Hollywood" (whomever that is), is nothing more than the movie studios and the guilds getting together to figure out yet another way to control technology. These are some of the most greedy corporate tools on earth! I was once told by a union executive that all the new technology is great because they can digitally superimpose products into scenes (that were not originally in the scene) and get more money from advertising. Forget art! We can sell more Doritos!!!

    My hero and friend, Richard Stallman has a lot to say on the topic of piracy and "Hollywood" in the new documentary ALTERNATIVE FREEDOM. It also features Lawrence Lessig, Danger Mouse (of Gnarls Barkley and the illegal Grey Album) and and others...

    Buy a copy to support the folks out there who are trying to spread better information than "Hollywood."

    http://alternativefreedom.org/

  26. Re:This Is Disgusting by Luscious868 · · Score: 4, Insightful
    UNDERSTAND THIS YOU ARROGANT, GREEDY BASTARDS, /no one/ wants to fucking download your DRM'ed/non-DRM'ed bullshit movies and music.

    Is that so? From a recent press release:

    The iTunes Store also features the world's largest catalog of online music with over 3.5 million songs and has sold a stunning 1.5 billion songs, making it the world's most popular digital music store.

    Just because the Slashdot crowd doesn't like something doesn't mean that average consumers have the same view. Get over yourself and UNDERTAND THIS, the RIAA and MPAA don't give a flying fuck about what you think. You are not their target customer.

  27. Merely three.,, by TimothyTimothyTimoth · · Score: 2, Funny

    I imagine the effects on our descendants will be infinite...

    --
    It doesn't matter which ape activates the Monolith
  28. Re:Extra cash by absinthminded64 · · Score: 2, Funny

    Tom Cruise gets fired. . Stops buying his Prozac and Ritallin at the little pharmacy over by Paramount. . Pharmacy goes belly up. . The person that used to put the labels on the bottles at the supplier gets the pink slip. . Doesn't take that vaction to see Grandma.. Doesn't win the lottery. . Doesn't donate to the school that produces 2075's US President..

    So, Tell me again what all this has to do with Piracy?

  29. Read the study? by Americano · · Score: 4, Insightful

    I'm sure that everybody was far too busy thinking up cute "+5 Funny" comments to go out and actually take a look at the actual study... but for anybody who's perhaps interested in formulating a defensible position on the matter based on facts rather than groupthink, the actual publication is available here.

    For a bunch of geeks, I'd think that doing a bit of research & gathering the facts before reaching a conclusion would be the *first* thing you'd do when trying to combat what you decry as a campaign of FUD & misinformation. Sarcasm isn't going to win the case in a courtroom, or in Congress. Deconstruct their argument & their methods. Show their assumptions & conclusions to be faulty.

    1. Re:Read the study? by jay2003 · · Score: 2, Insightful

      The study is really thin on facts. The methodology of computing the the losses are computed is NEVER discussed. As I posted above, these studies almost always make the assumption that if piracy were stopped, those who pirated copies would be willing to buy the content at the prevailing legal price. That assumption alone which is absurd means the study is best used for toilet paper.

      The study mentions that restrictions of on the number of foreign made films (20 per year) in China drives piracy but then has the gall to claim that producers are losing billions on piracy in China even though it is NOT possible by the study's own admission to increase legal distribution in China.

      Finally, the study makes the ridiculous claim that giving more money to the movie industry leads to more production of content. I see no evidence in the study that this would be case. Hollywood prefers a small number of high budget blockbusters. Addtionally, creating entertainment is not "investment" in an economic sense in the economy. It's consumption. If the pirate buys an iPod with the money saved from piracy, I fail to see to see that form of consumption is inferior in an economic sense to giving the money to the movie industry.

    2. Re:Read the study? by Kjella · · Score: 2, Interesting

      It's not so much what it actually says, but the whole point is misleading. If I stop buying chocolate, I'm not only hurting the retailer, but the distributor, importer, producer and right down to the guy picking the cocoa beans and the local pub where he goes to take a beer. On the other hand, if I buy mints instead, I not only help the retailer, but the distributor, importer, producer and right down to the guy on the factory floor and the local pub where he goes to take a beer. Almost every cent except those who go into directly consumed goods like fertilizer for the crops or fuel for the transport is being put back into the economy.

      Now, for their claims that the movie industry would be so much bigger without piracy that there are in fact actual circular effects of significance, it relies on their entirely flawed claim that piracy == lost sales. One of the most basic economic concepts is the price-quantity curve, which is a down-sloping curve that says what you can sell at a given price. Every economist agrees you can't sell outside the curve, it's impossible. So you'll have a point (p_retail, q_retail) and (p_piracy, q_piracy) which is (high, low) and (low, high) respectively. Now, MPAA/RIAA love to claim it's possible to sell at (high, high) even though it's not. It's impossible even for a monopoly, it's impossible with perfect price gouging - there's simply no way to extract more money out of a market than it's willing to pay. It's as stupid as Coca-Cola making a huge promo giving away a million bottles of free soda, and then making sales predictions that it'll sell at the same speed at retail price in stores. In theory you could make a market like that which is perfectly price insensitive, in reality there's not a single market in the world that works that way.

      In short, one of their claims it pretty much bogus, and the other is claiming an effect on the general economy that will be offset by an equal and opposite positive effect on the general economy. They're overinflating their importance both what they are to the economy, and what they could be to the economy. But I'm sure the debunking arguments will never reach the ones that need to hear them.

      --
      Live today, because you never know what tomorrow brings
  30. Being from a 3rd world country... by Metroid72 · · Score: 2, Interesting

    I can see the effects of a mini economy around Piracy.

    The Hollywood leakers, plus the illegal dubbers in South America combined with the rouge servers provide an avenue for people with burners at home that can go and sell this pirated content in flea markets and feed their families. It happens with books, music and other stuff....

    Is it illegal and bad? YES....

    So is WAR... (and it seems to fuel economies too...)
    Read: http://www.amazon.com/Political-Economy-Recent-Eco nomic-Thought/dp/0792383109/sr=8-2/qid=1159566373/ ref=sr_1_2/104-5959278-4596701?ie=UTF8&s=books

    Oh well...

  31. how it's always worked by Eil · · Score: 3, Insightful

    Internet piracy may be tougher for lawmakers to conceptualize, entertainment companies fear.

    Feh! Like's that's ever been an obstacle in the past...

    MPAA: Mr. Lawmaker, Internet Piracy of our copyrighted works is bad. When everyday people decide that they can download movies illegally without fear of repercussion, we find that sales plummet, the industry suffers, and the culture as a whole is significantly damaged.

    Lawmaker: Eh?

    MPAA: We're hemorrhaging money thanks to Intarwebs!

    Lawmaker. Oh.

    MPAA: And you see, accounting has this weird thing where our profits are directly linked to the campaign contributions that we make to you.

    Lawmaker: And what would you like your new law called?

  32. SO! They admit it!!! by erroneus · · Score: 3, Insightful

    According to the study, lost revenues may have as much as three times the impact previously imagined.

    If nothing proves they are imagining things more than this, I haven't seen it. Doesn't this statement indicate their losses are imaginary and that these new estimations are three times as imaginary?

    I hate to say that it's time for another law but I think there should be "rules and ethics of evidence" introduced into law. Such a law would state that any studies submitted to the senate or congress must have, at the very least, an impartial study to balance out the claims of special interests. We all know how stats and studies can be twisted into outrageous lies and exaggerations. It's time we start disallowing such crap on a regular basis. If these special interests are willing to fund their own studies as evidence for a need for legislation, then they should also be willing to have another study made as ordered by the legislative commission that will be reviewing the information. It would seem like a natural extension of our other fair and balanced matters of law such as in the case of evidence presented in a court.

    I'm sure I'm not the only one who's tired of the lies, damned lies and statistics given as evidence to write new laws. And while we're at it, let's stop the dairy companies from recommending our RDA of milk that seems to go up at every opportunity. Talk about conflicting interests.... and oil companies denying global warming? Enough already!

  33. Re:Sorry, but there is a problem with this reasoni by TubeSteak · · Score: 2, Insightful
    The dollars "stay in the economy" but are saved. ... Dollars that aren't moving within the economy aren't as useful to economic growth as dollars that do.
    Unless those saved dollars are sitting under your mattress, they are moving within the economy.

    When you put money in the bank, the bank invests it.
    In theory, this generates returns on investment (ROI).
    If ROI > the interest the bank pays you, everybody wins.
    --
    [Fuck Beta]
    o0t!
  34. intellectual piracy? by DragonTHC · · Score: 2, Insightful

    They're continuing to make shit up that suits them. Intellectual piracy is buying an ebook of Dostoevsky from a street bazaar in hong kong. Intellectual property is such that it can only be covered by patent. Copyrightable works are not property, unless you count my DVD collection. Those are my property. But, apparently, a property which I don't have any rights to. If it's intellectual property, then that implies it's not copyrightable. Which is it, a product or a license? If it's a license, I'm going to trade in my 60 or so VHS tapes for the DVDs. I'm tired of buying the White Album again. If it's a product, it's not copyrightable and, therefore, not covered under the bought and paid for laws like the DMCA.

    The **AA wants their cake and your cake and make you watch them devour both.

    --
    They're using their grammar skills there.
  35. They'd had to let Conservatives rip hollywood off by unity100 · · Score: 2, Insightful

    Back in the 20es when they were stamping on hollywood's "liberties" about making socially controversial films.

    See, today the opressed became the opressor, and this time the opression is not for what is right or wrong, but for MONEY.

    Just when are you going to die out, 55+ generation ?

  36. Re:It's still a loss by Sarisar · · Score: 2, Interesting

    But perhaps someone else will work that extra shift. I'm assuming that company isn't just letting people work for the hell of it, there must be the extra work available and someone else will probably do it (and lets not go down the whole 'but if everyone thinks someone else will do it' route). They will then get the extra cash to spend on something, which props the enconomy up by the same amount.

    However if a foreign worker does it and sends the money 'back home' then that money is lost out of the countries economy. Although of course it props up the other country.

    On a (semi-)related note. My father was reading Henry Fords biography and he (Ford, that is) said in it, if companies pay a good wage, then the employees have more cash to buy more stuff and that helps the economy out. In his case, his car workers spend more in other shops, which then hire more workers / pay more shifts which allow more of them to buy a new car which helps out the car manufacturers.

    I still think the whole world is too obsessed over money, but I can't think of a good way around it. If we end money then you end up back in a feudal farming world... anyone got any good ideas on how to sort that out?

  37. Indeed by Atroxodisse · · Score: 2, Funny

    And then ninjas come and dig it up and use it to buy frisbees, swords, throwing stars and red bull.

    --
    Read my short stories - You won't regret it.
  38. Re:Blockbuster clerks? by Fred_A · · Score: 3, Funny

    But on the other hand, sale of pirated DVDs helps the plastic industry flourish !

    --

    May contain traces of nut.
    Made from the freshest electrons.
  39. Re:Quite the contrary by Anonymous Coward · · Score: 2, Insightful

    Never mind the fact that employers and the government directly benefit
    from millions pre-trained IT workers competent in 100+ software packages, and you can bet your bottom dollar 99.999% of these have breached copyright to gain decent competency levels. Double standards alive and well.

    Very rich, that black hats are considered used goods, yet the white hats who proclaim experience on X Y and Z - well, they have already stolen and been dishonest, if they really believe black letter law.

    The US ecomony would be cripppled overnight if we arrested and gave criminal records all these experienced people who never actually bought whatever, and who had unlicenced whatever at home.

    As for the ripple effect.. right. Every dollar spent on discs, media, paytv, means people on their asses in front of a TV screens, not working or flipping burgers or selling drugs. Instead the money was spent on health, childcare, education, housing or auto - all with greater GDP and job creation multipliers that hollywood.

    Just take the numbers the RIAA *claim*, divide that by number of households (which would be more than the oil/gas money hike), and you would see if they got their wet dreams, the economy would tank, and malls, auto and housing would suffer even more.

    The politicians do not act, because if the unemployed and low end menials/trash were denied mind numbing TV pacification, they might get see sunshine, up and vote out the shitheads who took away their remote controls.

  40. Re:Sorry, but there is a problem with this reasoni by Al+Dimond · · Score: 2, Interesting

    For everyone to really win the interest the bank pays you must also beat inflation. Typical flexible savings/checking accounts don't have very good interest rates. You still win over stuffing it under your bed, of course, but typically if you really want to get a good return rate on savings you have to have enough money to make it worth it to pay the fees necessary for the kind of accounts/investments that will yield you a good return. Otherwise it's a big win for the bank and nothing for you. Takes money to make money, blah, blah, blah.

  41. Study is an example of the BROKEN WINDOW FALLACY by Sir+Holo · · Score: 2, Insightful

    So, they extrapolated from their initial made up number, eh?

    This type of false logic is called the Broken Window Fallacy. Read it.