The Knockoff Economy
Scott Hemphill and Kal Raustiala talk with James Surowiecki about the effect pirated goods have on the fashion industry. From “Stories from the Near Future,” the 2008 New Yorker Conference.
I’m still not 100% convinced that totally opening up is the right way. It’s hard to imagine a world without brand and pattern copyrights. This would radically change the way of doing business and especially in the advertising industry. But I think this might be the way to go. Get rid of entry barriers and copyrights and let the market/consumers decide what’s the best product? Let’s see what happens but the software industry comes closer and closer to that model and Facebook or YouTube live pretty well without advertising.
Posted February 4th, 2009 in conference.
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