1. The United States Constitution granted intellectual property rights to encourage entrepreneurs to drive the economy forward. If their intellectual rights were not protected, individuals would not have the drive to innovate, as it would not be in their rational self-interest. The founding fathers insinuated that unless a barrier was created that entitled innovators to a reward for their efforts, the economy would not thrive, thus limiting taxable revenue for the government. In addition, limiting the length of intellectual property protection guaranteed there would be competition that aided in driving the economy forward and creating even more taxable revenue. Ultimately, the founding fathers incorporated intellectual property rights to encourage others to create firms and positively influence the economy.

2. The U.S. music industry is vastly affected by piracy. According to a research conducted by Nova Southeastern University, the U.S. music industry losses an average of $2.7 billion annually due to piracy . In addition, the U.S. lost about 71,060 jobs. …show more content…
Eventhough piracy does take away from total industry sales, it does not cause a significant loss in profit. In fact, according to AOL finance, the large decrease in CD and record sales were caused by the growing popularity of online sales. When piracy began to increase, concert ticket and merchandise sales increased as well. This led researchers to discover that piracy helped boost sales by introducing new people to music they would have otherwise ignored. Most creators see this exposure in a positive light. In fact, George RR Martin, author of A Song of Ice and Fire, prides himself of the fact that Games of Thrones is the most pirated TV series on the Internet. The creators attribute their success of merchandise sales and popularity to the fact that most of their content is being distributed illegally. Ultimately, piracy acts as a form of advertisement that actually increases sales in many other key