Google, Facebook, Twitter, Youtube need tighter copyright laws than USMCA provides.
A free market group, Free State Foundation (FSF) from Maryland-based think tank, thinks so.
In a recently published study from FSF, they stressed that copyright provisions in the U.S., Mexico, Canada Agreement (USMCA) or NAFTA 2.0 are far from adequate.
Neither protect U.S. artist, musicians, filmmakers and other content creators in an effective manner. The estimated cost to the U.S. and other countries is billions of dollars every year according to FSF.
FSF feels U.S., Mexico, and Canada need to implement new laws, particularly around tech platforms.
They want them to watch for and take down content that infringes on copyright, like redistributed T.V. shows, films or music.
Under Section 230 of the Communications Decency Act, tech platforms that provide access to creative content aren’t liable. This means Google, Facebook, Twitter and Tumblr are totally indemnified and not liable for any damages when users upload copyrighted material to their platform.
Many of these platforms have users upload huge amounts of content, like on YouTube.
There is little currently the owner of the content can do. In fact, Instagram seems to go miles out of its way to do nothing. There is nearly no provision for action when infringements are discovered by property owners.
The European Union (EU) recently addressed these concerns in its improved Copyright Directive. They require tech platforms to use “upload filters” and scan regularly for and take down copyrighted content.
Being able to provide stricter copyright laws and hold tech platforms liable for content they provide access to is very unpopular in Silicon Valley.
But the FSF stresses that protecting intellectual property needs to be treated seriously.
The FSF study stated, “According to a widely cited U.S. Department of Commerce study, intellectual property-intensive industries comprised over 38 percent of the entire U.S. economy in 2014, amounting to a $6.6 trillion contribution.
The same study found that IP-intensive industries directly accounted for 27.9 million jobs and indirectly accounted for an additional 17.6 million jobs, or about 30 percent of all U.S. employment.”
The digital piracy of films, music, and software globally cost $213 billion in 2015, and this number is expected to double by 2022.
When much of this piracy occurs in other countries, getting stricter copyright laws in the USMCA is all that more important.
Do you think tighter U.S. copyright laws are needed?
Sonia Rina Landry is a passionate entrepreneur, speaker, author, and personal development coach. She is an outspoken advocate of the free market economy and has helped countless clients identify their core values, envision and realize goals that resonate with those values. She oversees several businesses online and offline.