Saturday, 5 December 2009

Business - News, Music etc

The government shouldn’t save companies that make things customers don’t want, there’s no need for government intervention like we are seeing all over the place right now, the latest being the new proposed laws for internet downloading and copyright control.

The future will be entrepreneurial not institutional; the institutions, like News Corp, and music labels EMI, Sony, etc, had and blew their chance.

What we need from Government is a level lawn where the tender shoots of new businesses can grow without government trampling them on its way to try to protect the legacy players.

News and Music don't need to be saved, they need to be created. Forget implementing laws to control distribution or changing copyright to favour the dying institutions.

This is not a market failure. It’s a market, doing what markets do. Let the market do that.

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