This argument is patently false. Money that did not flow to one industry went somewhere else: another industry or service, into savings or it was eaten by inter

This argument is patently false. Money that did not flow to one industry went somewhere else: another industry or service, into savings or it was eaten by interest on some debt or another. The record industry is appallingly inefficient. Millions are wasted or squandered on marketing, bribes, promotion and extravagances that serve no practical purpose. Smaller labels are often able to produce better quality music with tiny budgets. The recording industry is not particularly profitable at the moment because many incumbent players are so utterly wasteful with their capital. Many other industries are presently under pressure because they are inefficient. Retail is unsustainable and cannot compete with internet-based competitors. Newspapers are suffering a crisis of identity in most regions due to their editorial directions. Many newspapers have moved towards sensationalist tabloid journalism which turns many people off spending actual money on them because they are not as crazy as actual cranks on the internet or they are offering inferior journalism when compared to the news outlets that didn't race to the bottom. Then you try to claim that torrenting is the problem and not the fault of the companies themselves. How many people who download media do you think would buy it if the price and service was right? I would say near 100%. Many people who pirate music, movies and tv I know do it because they have no money for discretionary spending. Think students, the working poor, and those who cannot afford foreign prices on local wages. Region coding is probably the second biggest reason I know of for people to pirate things. Either the content is not available because of censorship, or it is unfairly priced or media companies place long delays on making it available. I would say my biggest reason for getting all my content legitimately was getting a US credit card. Prices in Australia are often twice what the exact same product costs in the US. There is no justification for this. Companies are capitalizing on artificial barriers to competition to wring additional profits out of their customers. Capitalism isn't a charity, corporations don't get money simply for existing. If they cannot compete they should pull their funds out and invest in something that can turn a profit.