
How Much Do Music and Movie Piracy Really Hurt the U.S. Economy?
Kal Raustiala and Chris Sprigman, freakonomics.com(Photo: Srikrishna K)
Supporters of stronger intellectual property enforcement — such as those behind the proposed new Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) bills in Congress — argue that online piracy is a huge…
“Those behind the proposed new Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) bills in Congress argue that online piracy is a huge problem, one which costs the U.S. economy between $200 and $250 billion per year, and is responsible for the loss of 750,000 American jobs. The good news is that the numbers are wrong…”