Don't forget the corn farmers

NBC made a borderline absurd case against P2P piracy at a recent FCC hearing, stating that if file-sharing piracy were to end, corn farmers would have greater profits and "buy more farm equipment," reports Zero Paid.

The idea is that in a world without online piracy, people would go to the theaters to watch more movies. They would consequently buy more popcorn, putting money into the pockets of corn farmers.

The corn farmer case was slipped in with a string of other industries affected by file-sharing piracy, including video retailers and movie theaters.

However, their trickledown economics case has one major hole. Corn farmers are actually experiencing record profits due to the demand for ethanol fuel.