Sunday, December 18, 2011
Alan Greenspan: Failed To Predict Bubble Popping... And Failed In Predicting Home Taping Would Kill Music
History
time AA overreaction to various "threats" (read: technological progress) has been well detailed here on Techdirt. Joe opens Karagan a recent post in the mystery of blog (Social Science Research Council) SSRC with this quote:
Several of the alleged injury analysis of the record industry ... were presented and discussed during hearings on copyright ... At each hearing, X presented the results of the latest analysis made by the recording industry for his business ... [As] in their earlier testimony, said that [Copy] continued to have serious consequences for the viability of the music industry. Noting that the record industry, launches fell by almost half since ****, and that manufacturing employment has declined ... X said that the growth in [Copy] would cause a decline in industry indicators
Karagan issue. "So who is X, and what is time?"
you guess Alan Greenspan in the late 1980s? Bravo.
If it is difficult to guess, there's a reason. Due to the insistence of the industry in turn with each new "threat" in a federal case, which could happen at any time during the past 50 years. Or it could happen now. The answer, however, is somewhat surprising, given that you are referring to.
say Mr. Greenspan's reputation took a bit of success since he resigned as president of the Federal Reserve would be an understatement. To see that voluntarily (perhaps motivated by a grant) filed on behalf of the RIAA and MPAA do not do anything to resurrect their respectability. Citing Karagan a story by recording battles at home, prepared by the OTA (now defunct) (Office of Technology Assessment):
In 1986, industry players ... had sponsored a dozen surveys and studies, usually for or against the passage of legislation copy home. ... OTA said:
In the analysis of 1985, sponsored by the RIAA, Greenspan said that in 1984, each instance of the cost of equivalent cones in the record $ 1.67 per album, against an average price of $ 6.80. Based on a previous report on home recording for the signing of audits and investigations, and Townsend Greenspan estimated that 42 percent of all home recordings of pre-recorded material and 40% of off-the-air (diffusion) of records that have generated sales, if the registration was not possible. So, assuming that 40 percent of home recording in 1984, instead of buying disks or tapes, the firm estimates that losses from 1984 to less than 1.5 billion ...
Moreover, as in his previous testimony, said home recording continues to serious consequences for the viability of the music industry. Noting that the recording industry release was reduced by almost half since 1979, and that manufacturing employment has declined from 29,000 in 1970 to less than 19,000 late in 1984, Greenspan said that the growth later in the home recording would fall further indicators of the industry.
this type of alarm is very familiar to the attention of anyone to pay. The refusal to recognize technological advances as a potential ally of industries disappears panic states and numbers questionable. This very negative to consider the "benefit" of the argument is located OTA and other industry groups:
two previous studies had estimated that losses
Greenspan ... worth $ 1.05 billion for 1981 and $ 1.4 million in 1982. Consumer Electronics Group of the Electronic Industries Association (EIA), the Coalition of Human Rights Audio recording and launch of the coalition registration rights (HRRCs) comments and dissenting testimony to challenge these estimates. ... EIS, the analysis of the RIAA ignored the stimulating effects of sales records label, and a few cassettes at home (for example, the selection committee made up of band portable cassette players or car) are not substitute products pre-recorded ... A trend is emerging in these discussions. The published record industry arguments, economic analysis and processing of alleged damages estimated ...
As in the last decade, and the RIAA MPAA spent an enormous amount of time, energy and money trying to blame the economic crisis exclusively in the hands of criminals, completely ignoring the economic factors that surround or drastic changes in consumption patterns. This selective blindness is not new:
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