Isohunt in Copyfight

The popular torrent site Isohunt is engaged in legal battles
for obvious reasons. It is based in Canada, a country with
supposedly lax copyright laws. But the mounting pressure
from U.S. lobbies seems to have taken its toll.

Here is a defense of the stand Isohunt has taken, that
sharing movies online is morally/ethically correct.

It is hard, to read all these arguments in favor
of sharing movies online, and not remember Ayn
Rand's views on capitalism. But then it's hard to counter,
when you hear this(from the same source) :

I've said a number of times that I'm not against copyright, but copyright does need significant reform in the internet age. If all this rampant copying on BitTorrent and the internet has not made a dent in Hollywood's record earnings, why can't we all just get along without rabid lawsuits? Why can't they see that sharing and remixing is a human urge for culture, and when we share and remixes art, it's not a liability but an endorsement for the artist or author or producer?

??