Sunday, October 07, 2007

Who will mourn the passing of copyright?

Neither new nor established artists, who are leaving record companies in the dust and generating new business models based on touring, merchandise, ad-revenue sharing, sponsorship and scoring films and adverts.

Not consumers, who get faster access to a much wider range of music at prices much closer to the marginal cost of distributing works.

Not the City, whose financiers are far too smart to fall for the garbage economics peddled by the recording industry.

Shed a tear only for those members of the recording cartel who feel their industry should uniquely be protected from the creative destruction of capitalism.

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