History repeats itself.
Just in the last decade, I've seen the cat-n-mouse game played in the streets of Mexico City when the local cops busting vendors for selling copyrighted material.
The first time I visited Mexico City back in 1990, the street vendors were offering bootlegged copies of audio and video cassettes.
When I went back in 1997, they were selling bootlegged CDs. Then in 2000, both CDs and DVDS were available for sale with movies sometimes not even available on the US.
How did the movie and music industries survived the wholesale bootlegging?
Apparently, these execs don't realize that their Chicken Little predictions have previously failed to materialize.