Grokster analysis from The Economist

Economist.com has a nice analysis of the Grokster ruling. The article summarizes:

Furthermore, legal downloading could cannibalise industry profits as fans are given the ability to pick and choose favourite tracks rather than having to buy whole albums. Indeed, advocates of P2P file-sharing insist that the option to sample for nothing an artist%u2019s oeuvre could work in the record company%u2019s favour as music buyers discover new favourites whose material they will subsequently pay for. Ultimately, many critics of the music business claim that its problems stem from an inability to produce a product that consumers want to buy, and that most illegal downloaders will flatly refuse to pay for unappetisingly packaged songs and films that they previously got for free.