Malaysia monkeys around again with price controls
"Malaysia Plans to Cut Disc Prices to Curb Piracy" (Thu Jun 26, 2:15 AM ET) on Yahoo! News, via Techdirt:
KUALA LUMPUR, Malaysia (Reuters) - Malaysia plans to fight copyright piracy by controlling prices of original movie, music and software discs to make them as affordable as illegal copies, a government official said Thursday.
The government is due to meet copyrights owners next month to discuss placing CDs, VCDs and DVDs under Malaysia's Price Control Act, which currently only governs prices of food and essential items.
I like Techdirt's analysis; it's simple economics. And yet another example of the Malaysia government screwing around with something they know little about.