Creativity is very often the ability to hide your sources

"The Internet makes possible the efficient spread of content. Peer-to-peer (p2p) file sharing is among the most efficient of the efficient technologies the Internet enables. Using distributed intelligence, p2p systems facilitate the easy spread of content in a way unimagined a generation ago."
Piracy always existed, but it never harmed so much, better it never "scared so much".
Because of what it could "do" much more than what it already "does".
I guess the Music and Movies industry is still blooming, probably much more then ever.

"As the Internet has been integrated into ordinary life, it has changed things. Some of these changes are technical—the Internet has made communication faster, it has lowered the cost of gathering data, and so on."

The globalization of content has made the huge profits of the Music and Movies industry even huger.
The profits of successful singers and actors even bigger than they already were.
The globalization has unleashed an extraordinary possibility for many to upgrade revenues for products that reach far beyond local boundaries.

I am a believer in property, and in “creative property.”
I believe that “piracy” is wrong, and that the law, properly tuned, should punish “piracy,” whether on or off the Internet.

In order to achieve this both "property" and "piracy" should be given the right value and certain "boundaries".
It is an old saying that "who asks too much in the end gets nothing".
That is what the "copyright holders are doing today, and very certainly they will pay for it tomorrow.
Because the "wall" of Justice will be too weak to resist the wave of the "million pirates" that will go on downloading and sharing in spite of.
If the Market of the "copyrighted stuff" is huge, the one of the "uncopyrighted" is huger, and since the first cannot exist without consumers it will always have the need of the Market to make its profits.
That is, if you sell a product, the moment it is sold, and especially the moment it is sold to millions, you risk that it is copied by millions of millions.

The solution?

Abandon the fight of "right" against "wrong".
Give to the copyright the right value and of course the right price and just then you will have arguments to fight against piracy.
Or better, rewrite the way it is paid and you’ll have a few chances to make profits, the right profits, not the illusory and unrealistic "revenue estimations" based on over evaluated products...