C4SS Feed 44 presents James C. Wilson‘s “Taylor Swift vs. Apple: Post-Scarcity Growing Pains ” read by Mike Godzina and edited by Nick Ford.
Competitive markets drive prices downward, while an ability to duplicate indefinitely drives prices to zero. Such is the state of creative content. The consumers have spoken and the going price of digital content is free.
Ultimately the copyrights that once enriched record companies are illegitimate to begin with, as they are simply monopolies granted by governments and rooted in violent suppression of the freedom to imitate and duplicate what we observe. They are now unenforceable and the business models the state established with them are doomed to failure. What will replace them has yet to be decided.
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