Bono seems to equate file sharing with a loss of money or decrease in output from the wider creative industries. He's flat out wrong. The overall industries continue to grow. It's just a small group of the more powerful middlemen, who have refused to adapt and change with the times, who are stuck in the past. And it's because of their own unwillingness to adapt, that they may be losing some money. But the creative output, and the economic impact of those overall industries continue to grow, no matter how confused some rockstar on a crusade might be about them.
via techdirt.com