> Again, I think you're presuming a world where content magically exists a priori
Plenty of works were created before copyright. I think the background section of Wikipedia's page on copyright is telling:
The concept of copyright developed after the printing press came into use in Europe[16] in the 15th and 16th centuries.[17] It was associated with a common law and rooted in the civil law system.[18] The printing press made it much cheaper to produce works, but as there was initially no copyright law, anyone could buy or rent a press and print any text. Popular new works were immediately re-set and re-published by competitors, so printers needed a constant stream of new material. Fees paid to authors for new works were high, and significantly supplemented the incomes of many academics.[19]
Printing brought profound social changes. The rise in literacy across Europe led to a dramatic increase in the demand for reading matter.[16] Prices of reprints were low, so publications could be bought by poorer people, creating a mass audience.[19] In German language markets before the advent of copyright, technical materials, like popular fiction, were inexpensive and widely available; it has been suggested this contributed to Germany's industrial and economic success.[19] After copyright law became established (in 1710 in England and Scotland, and in the 1840s in German-speaking areas) the low-price mass market vanished, and fewer, more expensive editions were published; distribution of scientific and technical information was greatly reduced.[19][20]
So basically, cheap reproduction meant poorer people could get in on the production game and/or afford to participate in the consumer side of the market, lack of copyright drove higher fees for new works from authors, and the introduction of copyright increased the price of works and reduced the distribution of scientific knowledge. Sounds great, sign me up.