Why DRM means everyone loses

This talk about DRM by Cory Doctorow does a really good job of breaking down the various arguments for DRM systems and explaining not only why attempts to use DRM to prevent piracy are doomed to fail, but also why DRM is a bad idea for all the major players, not just the pirates it is supposed to foil.

The talk also makes reference to the Darknet paper which also provides a fascinating insight into the future of content distribution. Ironically this is written by four Microsoft employees, which just goes to show that MS really does have some smart people working for them.