Bono has written an op-ed in the New York Times touching on the topic of music piracy. The usual counter-arguments are presented in the comments to the article and the usual lunatics tend to prevail.
Fine for now. In the near future, maybe not.
At some point the free services that the indies who give away their work rely on will no longer be free. Today YouTube is the radio. Anyone wanting to keep up in the arms race of art competition (with each other; the audience is passive) has to be able to make videos on the cheap or otherwise. Fortunately, it isn't that hard and like other tools, costs are down considerably even as skills have to catch up.
Yet like it or not, the term is 'hypermedia' not hypermedium and there are costs to producing at that level of complexity that can't be dismissed as easily as "we give away our CDs" because while one doesn't have to manufacture, one is still having to climb the complexity curve. Frankly, most bands and songwriters aren't up to the challenge.
Other costs will creep up. This will dry up a lot of what far too many rely on for entertainment sources. Having choked the life out of several industries, it will be Nebraska morning noon and night for about a decade as those with access to capital realign among themselves to control the distribution of the works of those who used these services to develop themselves during the 'everything should be free because that benefits me' period of internet market development.
Bono is right. It simply doesn't matter at the moment but he is right nonetheless. Unfortunately, he is talking to the wrong audience. He's arguing with the pig and as the old joke goes, the pig only gets irritated and he comes up smelling of sow. The people who need to understand where this is going ARE the artists and particularly the young ones just getting into what is left of the music business.