Sunday, November 18, 2012

Copyright Reform - GOP on correct side for a change

"Copyright violates nearly every tenet of laissez faire capitalism. Under the current system of copyright, producers of content are entitled to a guaranteed, government instituted, government subsidized content-monopoly.

It is a system implemented and regulated by the government, and backed up by laws that allow for massive damages for violations. These massive damages are not conventional tort law damages, but damages that are vastly disproportionate from the actual damage to the copyright producer. For example, Limewire was sued for $75 trillion, based upon Section 504(c)(1) of the Copyright Action enabling such large fines per violation. This potential award is more money than the entire music recording industry has made since Edison?s invention of the phonograph in 1877, and thus in no way corresponds to the actual demonstrated 'damages' to the record industry."

http://rsc.jordan.house.gov/uploaded...er_16_2012.pdf

Source: http://forums.randi.org/showthread.php?t=247947&goto=newpost

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