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One may well argue that making your own copy of a book or a CD that you own, for strictly personal use, is a legitimate definition of "fair use".
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Agreed, and that was all I was saying.
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Surely, though, you wouldn't accept that uploading such a copy to the internet, where it could be downloaded by anybody, regardless of whether or not they owned it, is either "morally" or legally acceptable, would you?
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No, and I didn't say that.