Nothing will be stolen. Artists will use the same tools to check if their work is infringing that those companies and right holders have. There will be no Coca Cola logo/Super Mario Brother/CPO in that work.
The artists in the West wont get paid, because they wont get any jobs and those in other countries will. Maybe less, because they are more productive and the market is saturated, or maybe more demand will be created due to lower prices.