So instead of adapting to music streaming, the German music industry has developed a new business plan: demand compensation from the government for "lost profits" due to piracy.
What is "lost profits" anyway? Is that like "jobs saved"?
The RIAA is paying attention, but this would never fly in the Land of the Free: it's a "social market economy" approach.
Personally, I'm thorn: if this would mean the MAFIAA boys drop their guns forever, I'd be almost happy to have it. Unfortunately, they'd never do that, they'd just keep gunning on top of collecting their racket money.
We already have a tax like this in the U.S. on blank CDs and cassettes, passed in 1992. Despite the rhetoric, the U.S. is not really against "social market" type policies in general. If I'm being cynical, my take is that socialism is only unpopular when it might help anyone poor. :)
What is "lost profits" anyway? Is that like "jobs saved"?
I hope the RIAA isn't paying attention.