us econ goals (dmca)
TRANSCRIPT
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The Economic Goals of the US Government
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Do Now:Because of scarcity, there will always
be winners and losers, even in a free-enterprise system.
What do you think this means? Do you agree with this statement? Why or why not? Give examples.
½ page minimum
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Review from Tuesday5 Economic freedoms:
1) private property and contracts 2) individual choice 3) competition4) self-interested decisions5) limited government involvement
Role of government in a free-enterprise system?RegulatorProtects the people, encourages economic
growth, provides public services
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Should you have the right to your own private property?
Should individuals/businesses who violate contracts be punished?
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Why do you illegally download films/movies?
Because it is a self-interested decision.
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Is illegal downloading a voluntary exchange?
NO! Only you (the consumer) benefits…
By illegally downloading, you are stealing private property and violating contracts!
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Do BitTorrent sites have the right to economic competition?
Warner Brothers VS. your source of illegal downloads (The Pirate Bay, Demonoid…)Fair economic competition?
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Conflicting Priorities You want to watch movies / listen to music at a low cost
Problem: Big time movie / music industries want to charge you and make as much $$$ as they can
Lucky for you, BitTorrent sites offers movies / music at little to no cost.
Problem: BitTorrent sites do not own the copyrights to the material being traded. The material being traded is someone else’s private property.
By uploading illegal content, BitTorrent is violating a contract.
By downloading illegal content, you are also violating a contract.
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Who should be punished? You or the websites that allow you to illegally download material?
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Government’s Response:
A conflicting solution
YOU
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Government laws like the DMCA is designed to meet the 6 economic goals of the US government: 1. Economic freedom
2. Economic efficiency
3. Economic equity
4. Economic security
5. Economic stability
6. Economic growth
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Economic Freedom Economic freedom of all
individuals (consumers and producers)
Consumers and producers are free to do what they want with their resources ($$ and private property).
Economic Efficiency Make the best use of scarce
resources. More production more
efficient economy
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Economic Equity Individuals share the costs
and benefits of the free-enterprise system as equally as possible.
Economic Security The economic well-being of
its people and the nation.
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Economic Stability 2 concerns:
Full employment: lowest possible level of unemployment in the economy
Price stability: constant price level of goods and services available
Economic Growth Maximum output of goods and
services by all individuals High standard of living
Economic well-being of its people