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Reged: 09/21/03
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Loc: Lagoa Santa, Brasil
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Piracy affecting US economy
01/25/12 05:34 AM
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"A common-sense economic principle called the “broken window” fallacy comes into play. To update the analogy for the 21st century, if your car window is broken, it may cost you $60 to fix. But that loss is not the economy’s. Had you not have to have fixed that window, would you have… eaten the $60? No, you would have spent it on a video game, or clothes, or groceries. Or maybe a night out at the movies.
An expert in the GAO report asserts this in saying that the “effects of piracy within the United States are mainly redistributions within the economy for other purposes and that they should not be considered as a loss to the overall economy.”"
http://www.cato-at-liberty.org/how-copyright-industries-con-congress/
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