Deconstructing Stupidity - Why is IP Policy Bad?

An anonymous reader writes "There is a good attempt on the Financial Times site by James Boyle to explain why intellectual property policy making is so bad. From the article: 'These are the ground rules of the information society. Mistakes hurt us.... Why are we making them? To some the answer is obvious: corporate capture of the decision making process. This is a nicely cynical conclusion. But wait. There are economic interests on both sides. The film and music industries are tiny compared to the consumer electronics industry.'"