How Filesharing Decision Will Chill Innovation

Fallout from this week’s Supreme Court decision on filesharing? Lawrence Lessig says it will chill innovation over the next decade. “By making it a process that goes through the courts, you’ve just increased the legal uncertainty around innovation substantially and created great opportunities to defeat legitimate competition. You’ve shifted an enormous amount of power to those who oppose new types of competitive technologies. Even if in the end, you as the innovator are right, you still spent your money on lawyers instead of on marketing or a new technology.”