The Canadian wing of the RIAA, the CRIA, convinced our lame government to put a levy on blank CD media. Their argument was that people were using the media to rip CDs and thus the every day musician was getting short changed for his/her hard work. The gov't agreed and the funds collected through this levy were assigned to the CRIA to be redistributed to artists as compensation.
In reality, the CRIA has only redistributed a microscopic portion of the fund to the artists - the rest has been going right into the CRIA's coffers. How's that for compensation....
Just another economic model to prove why the RIAA is having problems....
Supply and demand dictates that when demand for a good is high, but the price set by suppliers is over the market rate (where the curves intersect) then then a black market forms. This has happened several times in the past with various goods.
Even though one could argue that lots of the CDs sold these days stink and so demand may not really be THAT high, it's clear that consumers agree that the average cost of music is still way higher they are willing to pay. In other words, the actual market VALUE of a CD is far lower to each consumer than the actual price set by the record companies. Unwilling to pay ridiculous prices for music, the consumers thus turn to P2P to get their music cheap... REALLY cheap;]
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Creationism should not be taught in a SCIENCE class because it is not science. There is no way to falsify any of its claims.
um.... I think you really meant to say that it can't be "refudiated".
don't forget Felicity and Mission: Impossible III! Those were brilliant productions as well!
The Canadian wing of the RIAA, the CRIA, convinced our lame government to put a levy on blank CD media. Their argument was that people were using the media to rip CDs and thus the every day musician was getting short changed for his/her hard work. The gov't agreed and the funds collected through this levy were assigned to the CRIA to be redistributed to artists as compensation.
In reality, the CRIA has only redistributed a microscopic portion of the fund to the artists - the rest has been going right into the CRIA's coffers. How's that for compensation....
Try pronouncing F-C-C as a word.... does that mean they get banned?
Just another economic model to prove why the RIAA is having problems....
;]
Supply and demand dictates that when demand for a good is high, but the price set by suppliers is over the market rate (where the curves intersect) then then a black market forms. This has happened several times in the past with various goods.
Even though one could argue that lots of the CDs sold these days stink and so demand may not really be THAT high, it's clear that consumers agree that the average cost of music is still way higher they are willing to pay. In other words, the actual market VALUE of a CD is far lower to each consumer than the actual price set by the record companies. Unwilling to pay ridiculous prices for music, the consumers thus turn to P2P to get their music cheap... REALLY cheap