Music Piracy Destroying Economy

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ArrrrYou thought it was the subprime mortgage crisis behind recent global economic instability? Wrong! Remember that mp3 you downloaded the other day? That’s what did it. I hope you’re sorry. Yesterday, the Dallas, Texas-based Institute for Policy Innovation released a study that says worldwide piracy of recorded music costs the US $12.5 billion and 71,060 jobs annually. The Institute came up with those numbers by combining jobs in sound recording and retail, as well as lost earnings and taxes, and then multiplying them by ten thousand, apparently. And yes, their Dallas headquarters should give you a clue as to their political leanings: the IPI was founded by Dick Armey, and was ranked as “super freaking conservative,” by a conservative research center. So these are the people angry at Bush for being too liberal.

No word on whether the study took into account all the glamorous blogging jobs that have actually been created by this whole downloading trend.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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