Economy analysis Assignment Example | Topics and Well Written Essays - 500 words

Economy analysis - Assignment ExamplePeople find it more convenient to order books from online vendors than to go out to bookstores to reflexion for books the way they did before the digital revolution. The second point is that in addition to Amazon, there are now many avenues through which people access eBooks, therefore the loss of the need to visit libraries. The final point he wees is that copyright laws are lagging behind, since they were developed in an era where the current potential for digitization did not exist. It is important to have a balance between access to published material bearing the cost of production in mind, and to retain the inducement to create for writers (Posner).There are two key strengths in Posners article. The article communicates very clearly the affinityship between the demise of the bookstores and libraries in relation to the emergence and development of the digital revolution. The issues in it focus on the purchasing behavior of individuals an d how the internet is affecting consumer behavior. The second strength of the article is that it identifies the legal problems that quick copyright laws have which exit only make the process more difficult to manage. The article argues that there is need for action to update existing laws to make it easier for creators of literature to enjoy more protection because of the increasing cost of policing the internet to prevent online piracy.The key weakness of the article is that it does not offer any source solution, but struggles to find a way around the existing problems based on the current laws. It does not pay attention to the fact that it is now close to impossible to stop online piracy by using legal means only. The internet is universal, and it is almost impossible to start developing laws which every country will accept. This is because different countries derive different benefits from the internet hence the laws may impede