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This one straddles the Music and Social boards but erring on the side of caution I put it here
i wanted a party full of people in frock coats, tri-cornered hats going "AAAAAAAaahhhh!"
"Anyone who grew up in the 70s or later is used to living on the Net ... Technology has completely undermined the need for a whole class of businesses that previously distributed information, since people can suddenly get hold of the information themselves," he said.
this is true, but if you abolish intellectual property rights and create a state of free-for-all it's not only the middle men who would lose money, it would be the people who created it in the first place..
but the people who create are quick to adapt whereas the people who own distribution are slow to adapt to the new market and often refuse to adapt at all and use their considerable money and power to lobby governments into enacting laws to protect their business interests
It would also mean that the artists - rid of the corporate ties that bind - would be able to be a lot more creative in the way they present their art rather than just following the record label's idea of 12 tracks every 2 years or so
music has been around a lot longer than the recording industry and the ability these days to record and distribute music requires not much more than a laptop and some basic knowledge of the net
Remember also that music company's 'support' of the artists is fully recoupable - ie a loan and not a payment to create (artists with 'wage' clauses in contracts aside)
You can get a loan from a bank at a lot less than 30%