socialmedian: The Internet Is Ruining America's Movies and Music

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The Internet Is Ruining America's Movies and Music - WSJ.com

Submitted by Isthisstupid

Aug 12, 2008

Summary

47% of our gross domestic product involves intellectual property (IP) transactions, and about 6% of our national worth -- $626.6 billion annually -- is from our copyright businesses. These are the segments of our economy that are suffering, or stand to do so, as a result of the Internet. The Internet, glorious as it is, should be thought of as the plague of postmodernity. Read the full article

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