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How the VCR Wiped out Movies and Television

Posted on June 13th, 2014 at 11:51 by Sueyourdeveloper in category: News -- Write a comment

Quote via Economist’s View

This is more than a tidal wave. It is more than an avalanche. It is here. If those aftermarkets are decimated, shrunken, collapsed because of what I am going to be explaining to you in a minute, because of the fact that the VCR is stripping those things clean, those markets clean of our profit potential, you are going to have devastation in this marketplace. . . . We are going to bleed and bleed and hemorrhage, unless this Congress at least protects one industry that is able to retrieve a surplus balance of trade and whose total future depends on its protection from the savagery and the ravages  of this machine. . . .

I say to you that the VCR is to the American film producer and the American public as the Boston strangler is to the woman home alone.

Just a reminder that paid political arguments are not always true.

  1. It was awful wasn’t it? And I remember when I was a kid there was something called a “music industry” – but that was before those cassette tapes came along and utterly destroyed all recorded music.

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