There is every reason to believe that in the end–the bitter end, alas—markets supporting the creation and exchange of information goods will not only continue but will emerge bigger and better than before.
But the larger the threat and the faster it presents itself, the greater the resistance of those who don’t necessarily want to be transformed.
. . .
What can be predicted is that those who rely for their profits on inefficiencies in the exchange of information between creators and their audiences (and collaborators) will fight the revolutionary and uncontrollable transformation of their industries with every cent of rent-seeking capital at their disposal.
What is also clear is that copyright, patent, and trademark laws, standing quietly on their own, are no longer able to maintain the balance of incentives and protections that have defined these industries for hundreds of years.
. . .
The tide has turned. The question now is what the new trade routes will look like. In the end, it should now be clear, fighting back this particular sea change is ultimately impossible.
You can, of course, fight an unpredictable tide by building sea walls, flood gates and breakwaters. These cause minimal damage to the overall environment.
But these techniques don’t work when what you are facing are tidal waves that get bigger and more frequent with every new technological innovation.