Stronger Intellectual Property Rights Means a Stronger Economy

http://atr.org/stronger-intellectual-property-rights-means-economy-a3279
http://dictionary.reference.com/browse/intellectual%20property
People who are creators innovators and thinkers make up the most sucessful sector of our American economy. intellectual property is valued at $5.5 trillion which drives fourty percent of the econ growth. but piracy has been threatening intelletual property because it discourages new advances when so much of it is being illegally copyrighted, used or sold etc. around $200-$250 billion is lost in sales because of piracy. China, Russia, Spain and Thailand are four of the countries that are well known for violating these property laws due to copyrighting. the countries that protect these property rights have almost nine times greater gdp per capita compared to the countries that dont.
i agree with this article, i think it is very important to protect intellecual as well as physical property rights in this country. if everyone followed these rules $200-$250 billion would not be lost but be circulating in our economy right now. people worked hard to think of and create these things and we need to give credit where credit is due. these people drive fourty percent of our economic growth so its not like this is a minor offense. i think the us needs to take more stands against piracy and make punishments stronger.