$4.7 Trillion Worth of Benefit To US Economy From Fair Use

[GhostShip]

This is an interesting study to press into the hands of your political representative 

http://www.wired.com/threatlevel/2010/04/fairuse-economy/

One study after another purports to chronicle how much intellectual property piracy hurts the economy, and contributes to every societal ill from  terrorism to child porn and slavery.

A new study unveiled Tuesday sets out to examine intellectual property in a different light: How fair use — which doesn’t require permission from the copyright holder — actually benefits the economy. The trade group, Computer & Communications Industry Association, in a follow-up to its 2007 report, asks: “What contribution is made to our economy by industries that depend on the limitations to copyright protection when engaged in commerce?”

For the year 2007, the fair-use economy accounted for $4.7 trillion in revenue (.pdf)  and $2.2 trillion in value added, roughly one-sixth the total gross domestic product of the United States, according to the study. The fair-use economy also employed more than 17 million people with a $1.2 trillion payroll.

Thats a massive number to get your mind round folks and eclipses the trivial and by comparison miniscule amounts of money that the copryright despots fake up each year to try to gouge further monopoly powers over artistic activity.

[DaBees-Knees]

It'll be interesting to see the cartels comments on that news.  They'll probably say, "it's inaccurate data", as they know all about that.