WIPO Chief Economist - Piracy Has Benefits (Slashdot)

[DrewWilson]

"As the World Intellectual Property Organization (WIPO) in known for a very rigid course combating counterfeiting and piracy in general, it comes as a surprise that during a meeting of the WIPO Advisory Committee on Enforcement, several presenters have shown nuanced views on the economics of enforcing intellectual property rights. Combating clothing piracy might not be beneficial for the welfare of a developing country. Most surprising is the presentation of WIPO Chief Economist (PDF) Carsten Fink, which says that illegal copies of software may actually be beneficial even for consumers of the original goods. Also the piracy of audio-visual goods creates not only losses but also benefits for e.g. hardware manufacturers. Maybe this is because Mr. Fink wrote the presentation before joining WIPO?"

Source

Am I dreaming or did WIPO really admit that piracy has benefits? Someone pinch me.

[mountain_rage]

Originally Posted by DrewWilson

"As the World Intellectual Property Organization (WIPO) in known for a very rigid course combating counterfeiting and piracy in general, it comes as a surprise that during a meeting of the WIPO Advisory Committee on Enforcement, several presenters have shown nuanced views on the economics of enforcing intellectual property rights. Combating clothing piracy might not be beneficial for the welfare of a developing country. Most surprising is the presentation of WIPO Chief Economist (PDF) Carsten Fink, which says that illegal copies of software may actually be beneficial even for consumers of the original goods. Also the piracy of audio-visual goods creates not only losses but also benefits for e.g. hardware manufacturers. Maybe this is because Mr. Fink wrote the presentation before joining WIPO?"

Source

Am I dreaming or did WIPO really admit that piracy has benefits? Someone pinch me.

They are admitting the economic benefits to other markets, being careful not to demonstrate benefits in their own. The reality is they will probably use this data to try to tax other industries.