This comes as no surprise. From Michael Geist, University of Ottawa Research Chair in Internet and E-commerce Law:

Trademark and copyright holders frequently characterize piracy as a legal failure, arguing that tougher laws and increased enforcement are needed to stem infringing activity. But a new global study on piracy, backed by Canada’s International Development Research Centre, comes to a different conclusion. Following several years of independent investigation in six emerging economies, the report concludes that piracy is chiefly a product of a market failure, not a legal one.

Read more about the 400-page report commissioned by the Canadian government at .

If it takes the Times $40 million to put a CSS overlay over their text, I have no sympathy for them. The Times’ reporting is unparalleled; their management will be their undoing. Link