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It's not lawless anarchy, it's just less of the works that copyright rewards (you get more of what you reward). So all those free books/music/movies that are made each year you still have, but you have less professionals taking a year off to go write their book. You have less decent funding for educations books. You have less sharing of knowledge and ideas, and I would say that makes society worse. If people were going to release it for free, they would be doing that today. People just don't work like that.