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296 pages, Hardcover
First published June 4, 2015
(...) In 1982, the analysis blamed tape bootlegging for declining revenues, then considered various pricing strategies the industry might employ to counteract the trend. It found nether raising nor lowering album prices was likely to work. Instead, the only way to reserve the sales slump was through an aggresive campaign of law enforcement against the bootleggers. In other words, the success of capitalism required vigorous intervention from the state.
The film industry bowed to the demands of the culture police and instituted a self-regulatory rating system for movies. To its everlasting credit, the recording industry refused to make this compromise. But for their principles they would have to suffer. Congress had failed to protect the teenager from the moral depredations of the music industry; now it was disinclined to protect the movie industry from the file-sharing of the teenager.