There are countries (e.g. Sweden) where it's legal to rip a CD and give a copy to your friends. "Always" has been.
But it's not legal to sell copies. Or to put the music in a "holywood" movie you made and make a profit.
Copyright protects both of these. And if you think holywood movies don't properly license their music then you are mistaken.
Copyright absolutely makes sense.
Could a reform be in order? Well, could you come up with a laws or precedents where me putting a funny meme picture on my facebook wall is legally fine, but holywood taking my art and selling it as part of their product is not?
Because when you say "abolish copyright", that means no more games or movies as we know them today. You may say "good riddance", but you don't have to watch them. You can choose to only listen to music and see movies made under creative commons license. But you'll be pretty alone in that. Your life will look like that of Richard Stallman.