Here is the Reuters story. Even if you subtract, say 25%+ as exaggerated that still is a per annum cost to the USA of well over $ 30 billion. My argument is not that some of the costs of piracy effect the American market in a major way, it looks like, for the most part, that particular effect is second order --hundreds of millions for a given industry But for entertainment, to use that example, most revenue is foreign, if not across the board, in many areas. In other words, since most corporations are multinationals, the question is not whether the US market is pinched, it is, but how badly overseas sales have been hit. About that, the pinch is more along the lines of a wrecking ball as profits get clobbered. Great for Chinese Pirate Corp, but horrible for Disney or any other major US studio. Anyway, I am really surprised at your response. Apple itself hardly treats the problem as non-serious, and it spends millions fighting intellectual property theft. Sounds important to me. Billy --------------------- China piracy cost U.S. firms $48 billion in 2009: report
( Reuters ) - Chinese piracy and counterfeiting of U.S software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released on Wednesday. It also concluded 2.1 million jobs could be created in the United States if _China_ (http://www.reuters.com/places/china) complied with its current international obligations to protect and enforce intellectual property rights. The most direct jobs impact would come in high-tech and other innovative industries. The report, requested last year by top Democrats and Republicans on the Senate Finance Committee, gives the Obama administration additional ammunition to press Beijing for better protections. More than $26 billion of the losses came from the information and service sector and more than $18 billion came from the high-tech and heavy manufacturing sector in addition to billions more from other sectors, the report said. "China's unfair practices cost the U.S. billions of dollars and millions of jobs," Senate Finance Committee Chairman Max Baucus said in a statement as top U.S., Chinese and other Asia Pacific trade officials gathered in his home state of Montana for an annual meeting. "Time and time again, China has failed to protect and enforce American intellectual property rights, and it continues to discriminate unfairly against American businesses. We cannot pretend that there aren't real consequences to these violations when these numbers show that millions of American jobs are on the line," Baucus said. -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org
