Is it a product that everybody wants? Or is it a product that everybody says they want? If music were truly as appreciated as you say it is, then more people would be paying for it, no?
And guess what? More people are paying for music. iTunes is selling millions of tracks each year. Amazon is doing the same. Do you really think that artists would go out of business if they got the whole share of their iTunes proceeds, rather than having to split it with the recording industry?
As another comment below me says so eloquently, "Louis CK gets it. Trent Reznor gets it. Radiohead gets it. The recording industry doesn't get it and neither do you."