Good Math Proves the Entertainment Industry Makes Bad Claims About Piracy

Does piracy really cost the entertainment industry $58 billion and rob the American economy of 373,375 jobs, as the Institute of Policy Innovation claims?

No, it doesn’t. And Rob Reid is here with his first TED Talk, “The $8 billion iPod,” to explain why:

Now, we at HomeTechTell don’t advocate piracy. Not even a little bit. But keep this video in mind next time such numbers are tossed around in support of SOPA or other such draconian legislation.

Via: [Bad Astronomy]