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Pirate bay verdict
Problem is that if I were to download, say, a digital version of something I already own on vinyl I'd be breaking the law. You have to buy it again and again, which is great for the Beatles. A lot of indie groups just want to be heard and aren't that bothered by this. It's the big money people that are hurting. In essence they pay the artists the equivalent of minimum wage and keep the rest of the £15 or whatever you pay for themselves. The existing copyright law has been bent (as in it used to only extend for a few years and is now something insane like 100) to keep these jokers rich over many years. If you even hum a tune you're breaking the law (seriously).
Also, some people put up things that are extremely rare and hard to find and the record companies just sit on them because they can't make any money so they do the "dog in the manger" thing and prevent anyone from listening to them.
Plus, there are a lot of books from the 50's and 60's that are out of print and are decaying because of acid in the paper - they will never be read by anyone and whatever history they may represent (e.g. early SF) will be lost.
It's not as simple as you think. The laws were constantly redrafted over the last 30 years every time these monopolists looked like losing their grip on control. I'm not a freetard, but don't like monopolists keeping my history away from me, either - no-one loves them and they are stupid and greedy.
Have a google for Lawrence Lessig's Free Culture - long read but very interesting.