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Whats the overall economic effect likely to be?

Economic likely overall
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Whats the overall economic effect likely to be?

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The content industries may gain a bit from cutting music copying – expect Sir Michael Jagger to get very slightly richer. But I expect the most significant economic effect will be to strengthen the position of incumbents in information goods and services markets at the expense of new entrants. This may mean a rise in the market cap of firms like Intel, Microsoft and IBM – but at the expense of innovation and growth generally. Eric von Hippel documents how most of the innovations that spur economic growth are not anticipated by the manufacturers of the platforms on which they are based; and technological change in the IT goods and services markets is usually cumulative. Giving incumbents new ways to make life harder for people trying to develop novel uses for their products will create all sorts of traps and perverse incentives. The huge centralisation of economic power that TCPA / Palladium represents will favour large companies over small ones; there will be similar effects as Palladi

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The content industries may gain a bit from cutting music copying – expect Sir Michael Jagger to get very slightly richer. But I expect the most significant economic effect will be to strengthen the position of incumbents in information goods and services markets at the expense of new entrants. This may mean a rise in the market cap of firms like Intel, Microsoft and IBM – but at the expense of innovation and growth generally. Eric von Hippel documents how most of the innovations that spur economic growth are not anticipated by the manufacturers of the platforms on which they are based; and technological change in the IT goods and services markets is usually cumulative. Giving incumbents new ways to make life harder for people trying to develop novel uses for their products is a bad idea. By centralising economic power, TC will favour large companies over small ones; and TC apps will enable large companies to capture more of the spillover from their economic activities, as with the car

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