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I agree with you that demand isn't dependent on costs always - and I don't think the author is either. He's saying that demand is still high, as is supply. But

by alttab 17y ago

I agree with you that demand isn't dependent on costs always - and I don't think the author is either. He's saying that demand is still high, as is supply. But because the marginal cost of each unit is so low (on the postulation of infinite copies), that piracy is how the price is "fixed" economically speaking. This isn't a pro-piracy position, but if you see it as each copy of the game had to be physically manufactured piracy would drop to zero - otherwise it'd be called theft.

jacoblyles 17y ago
That the marginal cost of copying media is zero is a pretty mundane observation. The author goes beyond this to hypothesize that demand moves according to some abstract "fair price" (that happens to suit the author's semi-Marxist definition of fairness), and that piracy only occurs when the market price is set above this value. This second point is the only novel bit of the author's post, and it's just not very good.