Protectionism Is Not the Way to Go, Except for Hollywood

by

With the sound of the G-20s breast-beating about the dangers of protectionism still echoing, it is remarkable to read a NYT piece recounting the entertainment industry's complaints about its inability to enforce its copyright monopolies, without any economic analysis of the cost of this protectionism to the economy. The economic losses from copyright protection are far greater than the losses from other forms of protectionism. It would be desirable to include some economic analysis in these articles. (For example, see David Levine's excellent "Against Monopoly" website.)

--Dean Baker

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