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Essay text:
By analyzing the characteristics of film commodity, the cost and benefit of film production and the problem of piracy in China, this essay argues that China should not raise its investment in film industry, although it may seem profitable to do so.
Theoretically speaking, more investment in film industry can bring about tremendous benefit not only to Chinese economy but also to our cultural development. Belonging to the tertiary sector of industry, film industry takes mainly intangible cost and generates immaterial output covering various social aspects including economy and culture. In addition, the peculiar characteristics of the film commodity, such as its “non-diminishable, invisible, indefinitely enlargeable, infinitely reproducible, but excludable nature” and “the slow physical deterioration of the means of its production” (Sedfwick & Pokorny, 2005, p...
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