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US Survey Shows Piracy Common and Accepted
bs0d3 writes "A new U.S. survey sponsored by the American Assembly has revealed that piracy is both common and accepted. The surveys findings show that 46% of adults and 75% of young people have bought, copied, or downloaded some copyright infringing material. 70% of those surveyed said it's reasonable to share music files (PDF) with friends and family. Support for internet blocking schemes was at 16%."
Actually, this kind of abuse is exactly a feature of copyright. The economic reasoning is simple enough that it is covered in microeconomics introduction. The problem is similar with all regulations that create monopolistic profits.
This is money you get in excess of what you'd be making in a fully efficient, competitive market. Since this is money in excess of the cost of all factors of production (and, btw, that includes the return on your investment in R&D), you don't get extra profit by spending it on your main business. Instead, you're better off if you spend that extra lobbying for activity that extends the regulations that give you the extra profit.
The problem is made worse because this kind of behavior (called rent-seeking activity, if memory serves) is not self-correcting. Since distribution of cost and benefit is extremely uneven (small cost to many people vs. large benefits to very few large publishers in the case of copyright), there is very little in terms of political incentive for change.