US economy

Fair Use Generates Trillions in the US

When pressing Congress to ratchet up the legal screws on infringers, copyright holders are fond of touting apocalyptic reports about how piracy is destroying their industries—and the US economy.

But strengthening the nation's intellectual property laws isn't just a matter of cracking down ever harder, of limiting the limitations and giving increasing power to rightsholders. Fair use and other limitations on copyright themselves generate significant economic activity—$4.7 trillion in 2007.

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