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Against

Imagine that someone is planning to demolish their building. A demolition crew comes in unasked, and only does part of the job. Not only do they demand payment for the job they did, they demand payment from anyone that attempts to finish the job. The only difference between them and the record industry is that the words "You have Intellectual Property rights" is replaced by the words "You're in violation of the RICO act"

The music industry is like a man who buys land upstream and caps the river, bottling and selling the water, and explaining that they charge the fee because they deserve to be paid for the job of capping the river and bottling the water. The people downstream are out money, fish and a place to swim.

For

The Lars Ulrich Analogy
With Napster, every song by every artist is available for download at no cost and, of course, with no payment to the artist, the songwriter or the copyright holder. If you're not fortunate enough to own a computer, there's only one way to assemble a music collection the equivalent of a Napster user's: theft. Walk into a record store, grab what you want and walk out. The difference is that the familiar phrase "file's done," is now replaced by another familiar phrase -- "You're under arrest."
If you have a Copyright Analogy you'd like to see here, e-mail me at hackwrench@hotmail.com