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You're right that producers have the right to price. However, it's not just about price, it's also about being able to get a product in the form and through th
by nfnaaron 17y ago
You're right that producers have the right to price.
However, it's not just about price, it's also about being able to get a product in the form and through the channel that a consumer wants. This relates to the current argument about the availability of legal downloads vs pirated downloads. And wait, wait, yes, you're correct, producers have the right to determine product form and channel. :)
The way that piracy can work for market correction is that it's information. A product's sales may not be performing as well as a producer would like. Is it because it's too expensive? Or do people just not want it? It could be one, or the other, or both, or other. Piracy, while illegal, is still an indication that yes, people do want the product, and it's desirable enough to break the law to get it. So what can we, the producer, change to convert those pirates and other non-consumers into paying customers?
A producer could (doesn't have to) use that extra information to help him think about his product's format, or channel, or price.
- anamax 17y ago> it's also about being able to get a product in the form and through the channel that a consumer wants Why do consumers have the right to their choice of form, channel and price? If the seller is unwilling to provide as the consumer prefers, where does the consumer get the right to force the producer's hand? What's wrong with "if the buyer and seller don't agree on terms, the deal doesn't happen"?
- nfnaaron 17y ago"Why do consumers have the right to their choice of form, channel and price?" I'm not saying they have that right, not beyond deciding to buy or not. I'm pointing out that some consumers do try to appropriate that right, and that's one indication of demand.
- tptacek 17y agoIt is also an indication of the demand for car stereos when someone cinderblocks my window and rips the stereo out of the dash.
- nettdata 17y agoWelcome to the current overly-developed sense of self-entitlement that a lot of people have these days. Everyone is owed everything with nothing in return.
- pyre 17y agoNot necessarily. There are a lot of people that are just compulsive hoarders, but their hoarding is directed at digital 'items.' http://en.wikipedia.org/wiki/Compulsive_hoarding http://en.wikipedia.org/wiki/Compulsive_hoarding Comparatively, there are compulsive hoarders of physical items that have their house filled to the brim with items that they have purchased, or run up huge amounts of debt acquiring.
- ewjordan 17y agoWhy do consumers have the right to their choice of form, channel and price? They don't have any particular "right" to these choices. But that doesn't mean the choices disappear. And it also doesn't mean that real value is not created by offering them, even if it's done illegally: the Pirate Bay has probably created more real value in this world than most startups could ever dream of. It doesn't matter that it's ethics are questionable. What's wrong with "if the buyer and seller don't agree on terms, the deal doesn't happen"? Nothing at all, that's exactly what happens a lot of the time. With most digital media it just so happens that there are plenty of illegal "sellers" that are willing to step in with terms that are more suitable to the buyer. It may not be legal or "right", but it's pretty damn efficient.
- solutionyogi 17y agoI am sorry, but I disagree. Producer has the complete right over their product. They can price however they want, they can decide the form and the channel by which you will be able to acquire the product. Piracy doesn't provide information. A free market with healthy competition lets producers know what consumers are looking for. And trust me, they do a fine job at it. Imagine for a second that there was a 100% fool proof way to protect digital content. Do you think recording companies will be fighting with Apple about letting them sell the music on iTunes? If I were to guess, there would be an online music store from Amazon, from Microsoft, from Google, from Pandora and what not. All competing with each other trying to sell music. A song would probably cost less than a dollar because suddenly you can tap in to much larger consumer base. Unfortunately, there is no way to protect digital content and we are back to our imperfect world.
- nfnaaron 17y ago"Producer has the complete right over their product." I completely agree with you. "Piracy doesn't provide information." Everything is information. Some is more relevant than others, and relevance can be because you decide to treat it as relevant.
- Anon84 17y agoNot true... Everything is data, not everything is information. Information is processed data that has been able to produce useful conclusions.