Earlier quoted context omitted.
Getting a college degree will likely get you a job if there is demand in the area in which you did your degree. Imagine the situation where you get your CS degree but find that few people are willing to pay for programmers or software and the people who are willing to pay will still not pay very much yet the demand for software is still very high. Such a situation doesn't make sense in a rational market. Problem with…
" Such a situation doesn't make sense in a rational market. " Tell that to philosophy majors. :) I can also turn on the radio and receive music for free, with ads. TPB has plenty of those (but isn't distributing anything themselves, so arguably isn't infringing... Perhaps they are facilitating, but if so they are largely facilitating non-commercial infringement; I can't imagine anyone downloading a movie and selling…
The issue isn't so much the copies themselves, I could download every torrent on TPB and archive them on a stack of HDDs somewhere and it wouldn't hurt anybody.
The issue is that there is no longer a requirement to pay to consume something where the business model requires that the consumer pay.
Perhaps this is no longer a viable model, but the question is how to replace it?
Does popular content simply move to locked down platforms? Do we deliver games under a SaaS model (WoW etc)?
Both of these models have disadvantages to consumers, arguably it would be better if people simply refused to consume pirated goods and always paid the asking price but this seems unrealistic.