requirement of the PRO-IP act, seems to reinforce the argument that "industry estimates"
(and even "government estimates") of damages caused by intellectual property piracy may
well be both baseless and overblown. The summary (and, apparently, the report) points out
the many difficulties in even attempting to quantify the effects of piracy on the marketplace
in anything resembling an objective manner. Among the many notable quotations:
"The GAO gave three examples of widely cited piracy estimates that could not be substantiated: 1) an FBI
estimate that U.S. businesses lose $200-$250 billion annually... a 2002 CBP press release that estimated
that U.S. businesses lose $200 billion a year in revenue and 750,000 jobs... and 3) a Motor and Equipment
Manufacturers Associated report of an estimate that the U.S. automotive parts industry has lost $3 billion in
sales... due to counterfeit goods"
A 3 1/2 page pdf that's well worth the read; very interesting to see this sort of discussion appearing in legal print.
Link to Original Source