Copyright coalition: Piracy more serious than burglary, fraud, bank robbery

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This is already a year old, but it's always good to have this reference at hand. Therefore it's noted here.

NBC/Universal general counsel Rick Cotton suggests that society wastes entirely too much money policing crimes like burglary, fraud, and bank-robbing when it should be doing something about piracy instead.

"Our law enforcement resources are seriously misaligned," Cotton said. "If you add up all the various kinds of property crimes in this country, everything from theft, to fraud, to burglary, bank-robbing, all of it, it costs the country $16 billion a year. But intellectual property crime runs to hundreds of billions [of dollars] a year." Cotton's comments come in Paul Sweeting's report on Hollywood's latest shenanigans on Capitol Hill.

Source: Ars Technica, June 15, 2007