I'm struggling to see the impact this has on economic reality. Could you expound?
We should be able to freely sharing digital media as virtual-goods are immediate to duplicate. Instead we've created artificial barriers (drm, paywalls, streaming services, etc).
The only reason these barriers are allowed, is a dying industry is trying to stay relevant. The economic impact of the media industry loss would be great, and the media industry does still have a place in our system, but they need to let go of distribution.
It no longer makes sense to have laws protecting the sharing of media, but we are propping up a false representation of our economic system by trying to do so.
It's not like most people are going to pay Disney ahead of time for the next Pirates of the Caribbean movie, even though a lot of people will (inexplicably) pay to see it in theaters.
People are still paying a lot of money right now to fund media even though they can get it for free. It's not that people won't or don't want to pay, it's that we're paying on the wrong side of an outdated economic model.
You are essentially arguing that we should let everyone steal since stealing is easy.