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A Republican Study Committee has nailed "three myths about copyright law" and has suggested 4 excellent reforms. Is there actual hope???

The 3 myths are:

1 The purpose of copyright is to compensate the creator of the content
2 Copyright is free market capitalism at work

3 The current copyright legal regime leads to the greatest innovation and productivity

And the four “potential policy solutions” are:

1 Statutory damages reform
2 Expand Fair Use
3 Punish false copyright claims
4 Heavily limit the terms for copyright, and create disincentives for renewal

Here's the link to the pdf of the report:

Also, if I'm permitted to say so on G+, I've started a thread on Reddit:
Ben Bogart's profile photoJulian Bond's profile photoDavid Vorriccelli's profile photo
Republicans eh? What about the patent system, which IMHO is even more problematic.
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