The author has a fundamental misunderstanding of what laws mean, and how they change. In England, it is illegal to eat mince pies on Christmas day? Why? Because centuries ago England was governed by a despotic, fundamentalist Christian regime that did not approve of Christmas celebrations. Should I then refrain from eating the mince pie? No. I and millions of my fellow countrymen eat mince pies, and most are complete…
The Internet has made copyright law outdated. Social norms are in the process of adjusting to the new situation. Well, the Internet certainly has led to a generation of young people who are accustomed to downloading freely from various sources without regard to copyright restrictions and, in this sense, I would concur that social norms are changing. Unfortunately, the law itself is far from changing and, while some o…
I think you're right that in a world of weaker IP, Pixar wouldn't have happened, for want of capital. However, Toy Story might still have happened - perhaps it would have taken a few years more, until the cost of making it would have dropped enough to make it worthwhile investing in even though you'd only get a few weeks of box-office revenue?
Perhaps, also, many movies would be closer to "Dogville" (shot on a bare film set) than to "The Wolfman" (last year's remake, costing ~150M dollars). But, as Boldrine and Levine argue in their book "Against Intellectual Monopoly", maybe actors would compensate for their lower income by making more films per year (they look to the adult film industry to back up this suggestion, arguing that that is a reasonable model for a world of weak copyright). That is, creative output would not necessarily drop.
> ... whose livelihood in the economy as currently structured depends on it.
Your careful wording here tells me that we don't really disagree: certainly a reform that brings weaker copyright laws would cause a lot of pain to many established trades. With a well-designed transitional period though, I suspect that in the long term they would adapt, rather than simply cease to be creative.