Friday, July 18, 2008

Look for the silver lining: Economist

Jul 17th 2008
From The Economist print edition
Illustration by Claudio Munoz
Piracy is a bad thing. But sometimes companies can turn it to their advantage

"MERCHANT and pirate were for a long period one and the same person," wrote Friedrich Nietzsche. "Even today mercantile morality is really nothing but a refinement of piratical morality." Companies, of course, would strongly disagree with this suggestion. Piracy is generally bad for business. It can undermine sales of legitimate products, deprive a company of its valuable intellectual property and tarnish its brand. Commercial piracy may not be as horrific as the seaborne version off the Horn of Africa (see article). But stealing other people's R&D, artistic endeavour or even journalism is still theft.

That principle is worth defending. Yet companies have to deal with the real world—and, despite the best efforts of recorded-music companies, luxury-goods firms and software-industry associations, piracy has proved very hard to stop. Given that a certain amount of stealing is going to happen anyway, some companies are turning it to their advantage.

For more on this article, please click on the following link: Look for the silver lining: Economist

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