"Piracy did seriously wound the music industry. ... The industry is not coming back either."
This is a very common fallacy. You're mis-identifying "the music industry" with one sector of the music industry. The sector that is injured by piracy is a set of companies that rely on buying up copyrights from artists and selling (or only "licensing") copies of recordings for money (most of which never goes near the creators).
The music industry as a whole is healthy - precisely because the fading of the copyright-exploitatation industry has allowed music to be re-democratized. Musical instrument manufacturing and sales, equipment for recording music or amplifying shows, wide distribution of recordings, and associated activities are doing just fine (allowing for the state of the economy overall).
Edit: The decline of the copyright-exploitatation industry may even be a net social benefit overall, if it reduces political rent-seeking behavior [1] like copyright extensions and DRM, which keep the one sector's profits artificially high at the expense of everyone else.
This is a very common fallacy. You're mis-identifying "the music industry" with one sector of the music industry. The sector that is injured by piracy is a set of companies that rely on buying up copyrights from artists and selling (or only "licensing") copies of recordings for money (most of which never goes near the creators).
The music industry as a whole is healthy - precisely because the fading of the copyright-exploitatation industry has allowed music to be re-democratized. Musical instrument manufacturing and sales, equipment for recording music or amplifying shows, wide distribution of recordings, and associated activities are doing just fine (allowing for the state of the economy overall).
Edit: The decline of the copyright-exploitatation industry may even be a net social benefit overall, if it reduces political rent-seeking behavior [1] like copyright extensions and DRM, which keep the one sector's profits artificially high at the expense of everyone else.
1. https://en.wikipedia.org/wiki/Rent-seeking