1) Copyrights have a negligible economic impact on prices and wages in the publishing industry. For large publishers, royalties make up a small fraction of revenue, while small publishers often rely on donated materials.
2) Copyrights provide an enforceable legal monopoly for large publishers over editing, printing, packaging, marketing, and distributing works. This vertical integration amounts to a form of restraint of trade that benefits large publishers over small publishers and readers.
3) Copyrights originated as a royal privilege, not a free market development, and perpetuate a system that nickel-and-dimes readers and small publishers through legalized monopolies rather than protecting creative works or incentives.