Piracy in the internet Essay Example | Topics and Well Written Essays - 2000 words

Piracy in the internet - Essay Example The question here is how the piracy on the internethad affected the economy? While the internet has become a useful resource over the years, piracy on the internet has had a huge impact on the economy. (Thesis) As internet is a renowned medium of communication, it is a viable platform for such illegal activities. And this popularity of internet has led to an increase in the piracy activity. A person who is engaged in the process of piracy can do all his/her activity on the internet including the advertising and sales of the product. Piracy on the internet is a significant criminal problem because of the easiness of performing it, even over a long distance. Generally speaking, the foremost piracy was done on digital music files, and this has caused much damage to the artists and music industry. Apart from this, movie industry is also a victim of piracy on the internet, and this has negatively affected the economies of many countries. II.Online Piracy : An enormous economic problem Pir acy on the internet is a significant economic problem which affects different sectors of the U.S. economy. Piracy is the theft of music, movies, videogames and software. The infringement on the copy right of these entertainment medium can affect the U.S economy on a large scale. There is a huge cast working behind the entertainment industry, and they are recording artists, songwriters, computer technicians, audio engineers, marketing experts, producers, publishers and other creative experts. Internet users, downloading illegally one or two songs or movies, may not show any negative impact on the entertainment industry, but when millions of people do the same, it causes billion dollar loss on entertainment world. When no compensation is allotted to the creative people in the entertainment industry, the effect is devastating. The problem of online piracy is not negligible and is a big enough issue to ignore. It does not only violate copyright and patency, but also steals revenue from creative people working in different fields on a business arena. The American intelligent property business provides high paying employment to many individuals, and infringement on intellectual property steals them off their wages. Loss of American jobs also is another adverse effect of internet piracy. The online theft of intellectual property cannot be considered something different from stealing of products from a retail store. So, the piracy on the internet makes it mandatory for the U.S. legislation to enforce law on the illegal internet pirates. In order to understand the negative effects of internet piracy, it is necessary to scrutinize every aspect of it deeply. A. Online piracy and U.S. economy The piracy on the internet has a tremendous impact on the economy of any country as it is a business which can be done with great aspect of anonymity. Any person or organization can indulge in piracy as internet is a business platform which allows people to conduct commercial activit y under the cover. The piracy is done on music, movies, software and e-books which indicates the amount of damage it can cause to the entertainment industry and other commercial organizations. According to Sprigman and Raustiala (1), â€Å"online piracy is an enormous problem that costs the United States economy about 200 to 250 billion dollars every year†. The piracy on the internet has caused many problems to the American economy, which sometimes can be difficult to gauge. It is the