Fun Friday: P2P Brings Down the Farm

Filed in archive Fun , Society & Public Policy on August 3, 2007

P2P makes you blind, puts Los Angeles grips out of work, and now is killing U.S. farms.

Forget the fact that corn farmers are experiencing record corn prices due to government subsidies and increasing gas ethanol demand. Or that it's government policy and stratospheric engineered seed prices that are killing the small farmers. Or that people enjoy popcorn regardless of where and in what format they see movies.

P2P is bringing down the farm. At a hearing with the FCC NBC Universal said P2P is the cause of widespread farmer distress. "Because of our nation's interlocking economy, two-thirds of the lost earnings and lost jobs are in industries other than motion picture production. For example, in the absence of movie piracy, video retailers would sell and rent more titles. Movie theatres would sell more tickets and popcorn. Corn growers would earn greater profits and buy more farm equipment."