Mark Cuban on MGM v. Grokster [6:00 pm]
This [personal computing] technology revolution has been amazing for two reasons. First, the technology has continued to evolve this long. We may be at a point where we aren’t surprised to read about new technologies, but entrepreneurs continue to generate ideas that lead to new products and services. Technology continues to have a significant impact on the U.S. economy and to create jobs.
Second, the government managed to stay out of the way for as long as it did. Who knows why, but our elected officials managed to let the free markets stay free.
[...] The law of unintended consequences is never repealed. It goes on forever. Next month, a case entitled MGM v. Grokster will go before the U.S. Supreme Court. If this case goes the wrong way, that law of unintended consequences could put a hurt on us in the future.
[...] In reality, this case isn’t about whether music or movies are illegally downloaded using P2P software. This is purely about control. The entertainment industry wants control over technology that could impact its business.
[...] In the MGM v. Grokster case, the fewer than 50 companies who control less than 1 percent of all digital information are trying to take control of innovation in the technology industry and pry it away from the rest of us. Everything our imagination creates and touches that can be made digital is at risk if Grokster loses.
What innovations will be condemned by law before they have a chance to come to market, because they could have an impact on Hollywood and the music industry? We have no idea, and that is a very scary prospect.