The problem with the existing laws is that they just don't work.
Imagine trying to charge everyone who illegally shared copyrighted works on Napster. I would be impossible. Copyright laws are only really effective against "targetable" offenders, that is a single orginization that is doing a lot pirating. When everyone is doing a little, the total effect is just a bad, if not worse. Targetting one individual has almost no effect and targetting all the infringers is not feasable.
The other potential problem is that copyright holders simply won't embrace new technologies without "sufficient" protections. Legal, mainstream, downloadable music is not going to happen unless the copyright holders believe that their property is protected.
It sucks, but its true.
My main fear, as a Canadian, is that if Canada passes smarter rules then the DMCA, and the copyright holders will then attempt to "boycott" doing business in Canada (or threaten too, forcing the gov in to changing the laws). Alternatively, countries that house the large copyright holders may attempt to force Canada to "protect" those company's interests. In some sense we may not have a real choice to pass better laws.
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