The EU Pirate Party has published a book, which is available for free on the internet, by Christian Engström MEP[1. Member of the European Parliament] and Rick Falkvinge. Engström is the deputy chairman of the Sweedish Pirate Party, and represents Sweeden in the European Parliament. Falkvinge is the founder of the Pirate Party in Sweeden, which was the first Pirate Party.[2. He's got a great TED talk, linked here. His TED profile picture shows him with an eyepatch, and he totally pulls it off.] I haven't read the book yet. It's quite long. But as I understand, it presents a very reasonable, pragmatic, progressive system for managing copyright to start to dismantle some of the systemic problems that the existing model causes.
First of all, their proposal highlighted that the growth of file-sharing can’t be stopped without monitoring private communication. This means that such strategy would violate basic human rights. The Pirate Party points out that they don’t want to abolish copyright. Albeit copyright management systems would be banned under their suggestion, copyright would still prevent people from making money on someone else’s works. Non-profit copying and use is suggested to be made absolutely legal. In order and to make things clear on the meaning of copyright, the Party agreed that Internet users could once copy a poem or a cassette and send it to friends without infringing the law.
Moreover, in order to clarify the boundaries for sharing, the Pirate Party offered setting explicit guidelines for legitimate audio and visual sampling, such as the kinds of established legitimate quotation rights for text. Copyright protection is suggested to be cut from 70 to 20 years since the time of publication. In addition, these copyrights should be renewed 5 years after publication in order to “allow orphaned works quick entry back into the public domain”. (Source)
So, I'm adding this book to my reading material soon. Here's the link again.