@boomerang,
boomerang wrote:There is a difference between want and need.
I need food, but I pay for it.
I need shelter, but I pay for it.
The issue is not
need the issue is
scarcity. Once something is not scarce, it loses its monetary value.
The reality is that digital copies are eliminating scarcity when it comes to various forms of media. Records, CDs, books, etc. all used to be scarce because they took time and energy to produce.
The entertainment industry is fighting this tooth and nail, because they are increasingly becoming obsolete.
(Note, that I say entertainment industry; I do not say artists. There are many artists who are finding a way to succeed without artificial scarcities. A good musician can give away their music, and then make money through other means.)