Personally, I think there should be a stronger separation between commercial, non-commercial, and personal use. Friends sharing/copying some media isn’t a big deal to me, but someone making copies and undercutting the original artist should be subject to some pretty strict consequences.

I also think there should be some protections put in place to protect the actual content creators, because most people’s issue with copyright isn’t usually with the people actually creating things. The issue is corporations that insinuate themselves between the creators and consumers, funneling all the profits for themselves. It’s a pretty shitty system where artists make covers of their own albums so they can get a reasonable cut of the proceeds.