Is Compulsory Licensing A Good Idea?

from the probably-not dept

With so many people focused on compulsory licensing as a potential solution to the current troubles the music industry has in recognizing an opportunity when it slaps them across the face, it appears this week's Senate hearings will focus on whether or not compulsory licensing is a good idea. While it seems to have the support of the RIAA, it sounds like a dreadful idea (perhaps the one thing that I agree with the RIAA on). It's basically enforcing a tax to keep an industry afloat because they couldn't figure out how to innovate themselves.