We are familiar with stories of how piracy will cause companies massive losses, increase unemployment, leading to the decline of the U.S. economy. However, a recent report suggests that these claims and estimates are usually highly exaggerated, use dubious methods of measurement, and are, on a whole, entirely irrelevant with the subject at hand.
Ars Technica - In a new report out yesterday, the government's own internal watchdog took a close look at "efforts to quantify the economic effects of counterfeit and pirated goods." After examining all the data and consulting with numerous experts inside and outside of government, the Government Accountability Office concluded that it is "difficult, if not impossible, to quantify the economy-wide impacts."
It's a long but interesting read. Next time, whenever you come across an article trumpeting the massive losses that piracy has caused, think twice and see if there's a vested interest in the article.
To read the original story, click here.