IP, Black Markets, Praxeology & Violence

Mises.org has recently published an article that I co-wrote with Daniel Coleman where we attempt to answer why unlike every other black market, “info-trafficking” remains peaceful:

Unlike most black markets, the black market for information is characterized by peace and stability. There is a near-perfect harmony between the supply and the demand for movies, music, songs, and other digital content that falls under the control of intellectual-property legislation.

In the market for information, we do not see the kinds of conflicts that are rampant in other black markets. There are no turf wars between gangs for the right to offer the latest pop hit or blockbuster movie; there are no robberies committed by would-be users who need the money to get their fix. The vast majority of copyright violators go about their business without harming anyone.

In fact, those who upload, host, and share illegal content are not in any significant danger at all. What sets the black market in information apart from other black markets? Why is it nonviolent?

Enjoy the article.

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