Internet Piracy: It's Hollywood versus Silicon Valley

America's so-called "creative" industries are battling it out on Capitol Hill with a lot at stake for consumers who depend on the Internet. The movie and music industries, some labor unions and the Chamber of Commerce want to crackdown on Internet piracy, which is costing some $58 billion a year. They're backing laws proposed in the House and the Senate to give the Justice Department the power to shut down Internet sites that profit from stolen material. While the Internet industry says it's concerned about piracy too, web giants like Google and Yahoo — joined by consumer groups — claim the proposed laws are a real threat to freedom and openness on line. Would Washington have the power to police the web, like China?  Are there other ways of protecting the rights and income of producers and artists?