I should also add that much of the recording industry is built upon a false economy that's more political than economic.

Much of that revenue they seem to believe is owed them may have already been paid.

Say I own 1000 old LPs. Have I not already paid for the fair use "rights" for those songs? What if I replace them with CDs? There's no law I know of that protects whatever rights I should have from my original purchase.

If RIAA believes they are due rights from P2P traded songs... then why are we not entitled to a rebate when we replace a LP with a CD? Why are not songs cheaper from iTunes if we own the original LP or 45?

The reason our rights are not protected is because no one I know is fighting this legal fight. So RIAA wins all those extra profits they are not entitled to by default.