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There hasn't been a decline in the music industry, there's been a decline in recorded music sales. The drop off in recorded music sales in 1999 also corresponds rather nicely with the major record labels being charged with illegal price fixing in that year; generally revenues fall when you're forced to stop price fixing.
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Wow, now if there was just some independent study to support your supposition. But the independent studies show otherwise.
I must say that I find it astonishing that someone who styles himself Ninjalawyer should be so friendly to massive violation of the laws or should be so dismissive of the idea that IP rights should be protected. I understand that most posters are simply consumers. They don't understand that without secure IP property rights, content creators won't create , and that arts and science will not flourish . The founding fathers understood that, and thought it so important that they put it in the Constitution. You should understand that too.