Dear me. This isn't an argument I'm particularly familiar with, but I suppose I can take a stab at providing some decent opposition. Although there are some rather obvious holes in all the arguments I can think of... I may simply concede the argument at some point if replies start building up and I can't keep up with them.
So, file-sharing. A lot of people here have taken the rather simplistic "you've taken something without paying" approach to arguing that it's wrong. However... consider the nature of file-sharing. It's not actually physically taking something from anyone. It can be likened to lending a CD to a friend and allowing them to rip the files onto their computer, but simply on a far grander scale. If I illegally download an album, I haven't gone into a store and stolen the physical CD from them, which means that no-one is made worse off purely by me downloading the music.
Record labels and various musicians have hit out at file-sharing, saying that it hurts profits. However, they have done so in the past at various things which are now accepted by the majority of society, such as home recording. All you have to do is wait for the song you want to come onto a free radio station, record it off there, and voil�! Free music. Is this really so different to file-sharing? It's probably done on a large scale as well due to the wide availability of radio and the ease of recording things from the radio. Similar examples exist on the Internet as well - one only has to Google "Youtube to MP3 converter" and one has a huge list of sites able to rip the audio from any YouTube video.
Finally, promotion. Little-known artists often find it difficult to make their music heard because large music stores simple don't stock it, and people won't hear it from their friends in all likelihood. But someone who takes a casual interest in a band and then decides to sample some of their music can download some or all of an album, listen through, and potentially end up buying the album or other albums by the same artist, whereas without filesharing they might simply have forgotten about them and never contributed to the band's profits.
...Yeah, not great arguments. But it was a little one-sided in here.
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