The Free Market is for Chumps
-- Warner Music CEO: Price-fixing is for iTunes, too
Sigh. Who wants competition when Copyright gives you a legally endorsed monopoly? As Richard Posner pointed out in The Intellectual Structure of Property Law one of the most curious developments in post-Keynesian economics is that while industrial trade regulation has been liberalised over the last 30 years, intellectual property regulation has only gotten stronger.
In other words, somehow the Copyright Industries have convinced the Power That Be that they are MORE deserving of protection in a free market...
... but hey, thats political economies for you: interest groups over ideology.
... Bronfman [CEO of Warner Music] apparently doesn't think that "variable pricing" might include lowering the price of some tracks below 99 cents. Said Bronfman, "Some songs should be $0.99 and some songs should be raising our wholesale prices and preventing people from discounting."
-- Warner Music CEO: Price-fixing is for iTunes, too
Sigh. Who wants competition when Copyright gives you a legally endorsed monopoly? As Richard Posner pointed out in The Intellectual Structure of Property Law one of the most curious developments in post-Keynesian economics is that while industrial trade regulation has been liberalised over the last 30 years, intellectual property regulation has only gotten stronger.
In other words, somehow the Copyright Industries have convinced the Power That Be that they are MORE deserving of protection in a free market...
... but hey, thats political economies for you: interest groups over ideology.
posted by stu willis at
7:42 pm
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