Jim Griffin

An interview with Jim Griffin on the Future of Music

Actuarial economics will replace actual control, but that is difficult if not impossible to achieve without some degree of compulsion. Like automobile insurance or health insurance or similar actuarial concepts, they work best when spread across as wide a group as possible and fail when they tend to adverse, voluntary groups. I favor imposing involuntary fees across network users such that the fees become so low they are hardly worth complaining about. Worldwide, the average per capita spending on music is well under a dollar per month, likely under a quarter.