Do remember that companies like Magnasound and many more have shut shop in India after the digital /downloading era started. Just because a product is costly doesn't mean, that it will be giving the owners windfall profits. There will other costs involved like branding, royalty, R&D, etc.
Who are we to decide how much a company/ person earns?
Aren't we a free market.
A Lee jeans costs Rs.1800 wheras a local one sells for as low as Rs.250.
Does that mean we can steal a LEE and say that the company is earning enough because of high prices, and justify the theft.
And we should all remember that money made by piracy is unaccounted money. We get angry when we read about those billions stashed away is swiss lockers. where did that money come from. It's all unaccounted money and not money earned by legal means. Before the CD/ DVD reaches the hands of a poor platform vendor it must have been supplied by a bigger shark who will defnitley come under the income tax bracket.
1. What R&D cost does a record label incur? Its not like they are inventing a new recording technology every time they are releasing a new Akon album. In fact, due to better software, production cost has actually become ridiculously low for record companies, to the extent that you and I can feasibly record a album with near studio level quality.
2. Free market - aaah. Sure, taken to a libertarian extreme, free market sounds really cool. You know, free market probably existed in the Wild West, and you could probably lead a "free" and respectable life in those days if you were fast with a gun.
Just ask yourself one question - if free market is so robust and self-correcting, why do almost ALL countries have specific laws against monopolies and against companies indulging in monopolistic behaviour?? After all, the "free market" should self-correct itself against such behaviour, right?
3. Your analogy of Lee jeans is wrong. I ask you this: If you see a Lee jeans (costing 1600/-), and you take a photograph of the jeans on display, go to your local tailor ask your tailor to make an exact replica (which ends up costing you 300/-). NOW, can you tell me, morally or otherwise, that you should be charged with a crime and you should be called, not a plagiarist, but worse, a thief, no.. worse a robber,no.. worse a "goonda", no... worse a "pirate"???
Now, let us say that that people in your locality routinely do this (and Lee probably claims that it is not selling 1600/- jeans solely because of these talented tailors and immoral "pirates"). Do you think that we are committing a terrible crime because we are causing a huge increase in unaccounted money or "black money" - based on the fact that because of us, tailors are now earning more money, and as an unrelated consequence, the tailors are not reporting this income properly to the Income Tax authorities?
Come on!