I believe in the rule of law and do not give 'god-like' status to the government in my mind, or in my obedience to it.
Truth is not a democracy.
The content industry has spread lies and fears based on dubious hypotheticals. Now that it turns out that either they were totally talking out their ass, or had an ulterior motive. This should challenge the system to change, as it is an obligation of politicians and people of a republic.
But given that these multi-billion dollar companies likely didn't get where they are by being stupid, looking at the "real" threat of of a healthy commons, and recognizing the roots of the constitution where it says, "Congress shall have the power to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries", and compare it to what is going on in our legal system today...