Music Piracy Destroying Economy

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ArrrrYou thought it was the subprime mortgage crisis behind recent global economic instability? Wrong! Remember that mp3 you downloaded the other day? That’s what did it. I hope you’re sorry. Yesterday, the Dallas, Texas-based Institute for Policy Innovation released a study that says worldwide piracy of recorded music costs the US $12.5 billion and 71,060 jobs annually. The Institute came up with those numbers by combining jobs in sound recording and retail, as well as lost earnings and taxes, and then multiplying them by ten thousand, apparently. And yes, their Dallas headquarters should give you a clue as to their political leanings: the IPI was founded by Dick Armey, and was ranked as “super freaking conservative,” by a conservative research center. So these are the people angry at Bush for being too liberal.

No word on whether the study took into account all the glamorous blogging jobs that have actually been created by this whole downloading trend.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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