5 votes
Aug 14, 2015

Hard to say. It's bringing fast-paced change to every industry that produces digital content (film, video games, music, publishing). It probably means a short- and medium-term reduction in profit growth for these industries (see the ever-crashing CD sales, for instance), followed by a new influx of wealth directed at the people who find out the business models that make sense in the new technological reality (Notch, the creator of Minecraft, being one example).

In the medium-to-long term, I'd say it's a good thing for the global economy. All these industries are incredibly consolidated and are de facto oligopolies, with 3-5 "majors" controlling 95% of the market. Technological disruption will give (/is actually giving) an edge to small, agile companies/individuals. This will mean more competition.

The more interesting question is that of the cultural effects of piracy, and more broadly speaking of the Internet. Practically speaking, it has never been easier to become an artist - and indeed more and more people are producing art every day, probably more than at any point in the history of the world. But at the same time, it means that it's getting even harder to make a living doing whatever art form you practice.

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2 votes,
Aug 14, 2015

I think that piracy is good both for the economy and for the people of the world. The good for the economy is that it forces companies to give people good means of buying their goods. It also makes it easier for less established artists/movie/show/music makers to get known and start making money. Spotify (and music streaming in general) has practically killed music piracy, except for music that is hard to get a hold of outside of piracy. Netflix and other streaming companies are killing the show and movie download piracy, but it's still very usual due to these services generally not being good enough, and not all content is available in this way. Piracy also creates a lot of new customers as people are willing to pay money to companies that make things that they really like.

When it comes to the good for the people, piracy helps give the customers better products, cheaper products, and better availability.

Piracy definitely is a win win. However, I believe it would be the best for all if there was no piracy, because the benefits of purchasing was better.

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