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January 31, 2005
Enough Already with the Crocodile Tears
Ed Felten asks Hollywood to quit shedding crocodile tears over profits "lost" to Internet-enabled piracy -- at least while it continues to make more money than ever, while denying movie stars (the "artist") a more sizable cut:
If the technology problem is really as bad as the industry says, then it ought to show up in the sales numbers. ...It may turn out that the net effect of technology on the industry is neutral, or even positive. If so, then no expansion of copyright law is needed, and a mild contraction may even be in order. Remember, the goal of copyright is not to maximize the profits of any one industry, but to foster creativity by regulating just enough to ensure an adequate incentive to create.
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