The lawmakers promoting the Stop Online Piracy Act (SOPA) insist that in the long term it will improve the economy by protecting the intellectual property market and the associated industries and jobs. That would increase revenue and would guard American Internet ventures against economic harm perpetrated by foreign websites.
It does seem odd that given the safeguards supposedly established by SOPA, so many online organizations — Facebook, Google, Yahoo, Reddit, and YouTube — have aligned themselves against the measure and are actively working to prevent its passage.
Perhaps these information-age giants are onto something. Perhaps they understand that by granting the government the power to pull the plug on any one of these websites at any time without warning, SOPA is a persuasive disincentive to investment and thus to corporate growth and survival.
SOPA, H.R. 3261, was introduced into the House of Representatives on October 26, 2011 by Congressman Lamar Smith (R-Texas) along with 12 co-sponsors (as of December 16, 2011, there are 31 co-sponsors signed onto the bill). The bill, which endows the federal government with a broad array of powers over Internet content and activity, is now before the House Judiciary Committee for consideration.
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