Napster

Napster With technology advancing faster each day, the world markets are forced to deal with the implications of such innovations upon their economies. When a program developed by Shawn Fanning, called Napster, came into existence, it turned an entire music industry upside down. More importantly, it asked society to re-examine several aspects of the free-market system, bringing up the questions of entrepreneurship and private property. The program itself causes a software shift from a central network, to P2P connections. The implications of this mean that Napster itself, never has any music present on their network, but rather it creates an index for others. Firsthand, the program was developed as a solution to the problem of finding MP3’s online, rather than with an entirely entrepreneurial focus. The creators never thought they would make millions of dollars (or be sued for millions at that), but rather set out to create a free service to help those within the MP3 market locate files. But what are MP3’s' MP3’s are music files. Who creates music files' Artists that spend hours of dedication and hard work within a studio to compose and record their own sounds. So music, napster, property, private, people, recording, millions, system, several, program, problem, listen, itself, files, being, artists, users, turn, sell, rather, never, mp3’s, mp3, market, issue, industry, free-market, free, entire, economy, create, cd’s, within, wealth, user