An effective IP regime, including an effective copyright regime, would be one in which the level of abuse or infringement of that regime was relatively stable, relatively manageable, not generating a sense of being out of control. Although my review had quite a lot to say about the quality of evidence that's brought to descriptions of the markets suggests that piracy is on a massive scale and daily becoming more massive, one has to be careful how one interprets that evidence.
I don't think there is any doubt at all that there is a substantial online infringement problem. But my own view is that a substantial online infringement problem will not be satisfactorily addressed until the law makes reasonable sense to reasonable people. Therefore, in the U.K. case, for example, the continued unlawfulness of copying a song from a laptop to an MP3 player is something that has not been tenable for really quite some time. The law needs to be sensible; otherwise, the law is an ass. You need a sensible law around a sensible law or set of laws. You will have a reasonable level of civic consensus, and it will be possible to restabilize the copyright system.