Let’s say, for example, that you’re a pizza maker, and it costs you $5 to make a pie, which you then sell for $10. Not a bad business. Now, a competitor comes along, and figures out how to make pizza pies for $3, and start selling his (which are just as good as yours) for $5. Now, you’re in trouble. What do you do? Normally, you figure out how to compete, or you go out of business. You don’t go crying to the gov’t about how you’re going to lose jobs if the gov’t doesn’t stop others from making the cheaper pizza. You come up with a better pizza or a more efficient way of making the pizza and you compete and get people to buy your pizza.
– Entertainment Industry Still Insisting That Gov’t Protectionism Is The Only Way To Compete | Techdirt
Posted on Thursday June 18th
