In a guest blog, Andrew Keen, advisor to media/technology coalition Arts & Labs, and Silicon Valley entrepreneur, broadcaster and author, says that policymakers should not lose sight of the fact that the Internet is a commercial good, as well as a social one, and that it is driven by creativity that can be undermined by technology:
As I argued in my 2007 book Cult of the Amateur - one critical area where American creativity is being undermined by technology is in the highly destructive impact of illegal Internet file-sharing on the entertainment industry. And this mass larceny is as economically catastrophic today as it was three years ago. Today, 63% of the musical content downloaded off the Internet is stolen, revenue from recorded music sales are down by almost half over the last ten years and, as a consequence, employment in the recorded music industry has fallen 60%. Thus, as Commerce Secretary Gary Locke acknowledged earlier this week in a speech at Belmont University in Nashville, Tennessee, fighting online theft is a "is a fundamental issue of America's economic competitiveness." It's a battle that all politicians - from Gary Locke to Carly Fiorina to Barack Obama - absolutely must embrace if this country is to retain its economic edge in the 21st century.
But it's not just piracy that threatens American creativity in the 21st century. In the three years since the publication of my book, it has become clearer and clearer that the Internet represents the future of the entertainment industry. The slow but inexorable convergence of television and the Internet, the meteoric growth of online video services like YouTube and Hulu, the flowering of the Android and iPhone app economy, the growing popularity of the Kindle and the iPad, the resurrection of Pandora and the promise of Apple's new Ping social music service all point to the vitality of the American digital economy in the 21st century. In ten years, physical creative products - whether books, photographs, newspapers, CDs or DVDs - will be rarities. Our entire entertainment economy is immigrating online. For better or worse, the future of American creativity lies in the digital sphere.
Read the entire post at Broadcasting & Cable
