Net Effect : Copyright Conundrum in Cyberspace

[The] Internet phenomenon has ... created an immense conundrum in copyright circles. The problem, starkly stated, if difficult to resolve, is this: if copyright works can easily and speedily be copied, revised, distributed, transmitted or otherwise manipulated in cyberspace, can copyright still perform its legal, social and ethical functions of serving and balancing the interests of its various stakeholders? Can it meet a profoundly new kind of challenge posed by the galloping convergence of computer and telecommunications technologies? Indeed, should we leave it to self-destruct in the face of the onslaught and replace a moribund system with a new legal edifice?