Times have changed. Technology has progressed. The issue is sharing. The new technology improves the efficiency of sharing.
Why shouldn't I be able to share my collection of older CDs with those who are willing to share their newly purchased CDs.
Note that there are only so many hours in the day. Most people listen to but one tune at a time. One can't take "full" advantage of the semi-infinite number of tunes available to for enjoyment. There is an upper bound on how far this can go. The technology improves the efficiency of the consumers' entertainment $. Live music is still the most desireable. Musicians will still be compensated.
It's a market situation where the record companies are just going to have to adapt to the new, technological driven efficiency of using recorded music.
So I take it you also think 'sharing' (e.g. pirating) software is okay?