<< he record industry should have embraced the technology and bought out napster or came to an agreement to make money off the situation. >>
I agree they erred but the riaa is not microsoft. Buying napster out would have validated them and possibly even encouraged a copy-cat industry all wanting to be bought out, too. Who knows? As for not having foresight to see how PCs and the net would liberate music, well, they may have saw that but preferred denial. The cat's out of the bag now, though and probably for the better. The world will be better off without riaa control of all things musical.