“Maybe it’s time to admit that we may never find a way to reconcile consumers who want free entertainment with creators who want to get paid,” writes Megan McArdle. “We have yet to figure out how to make IP work in the new era. Even if we don’t, people will still make pictures, sing songs, and write stories—just not as frequently, or as lavishly. But even if we do, file-sharing will probably alter the form of the works we do create. “