Music Piracy - Not as Bad for the Artists as it Might Seem

People today are getting all upset over music piracy, how it's ethically wrong, how it hurts the artists, etc. In reality, many artists really don't mind music piracy, and many have turned to embracing it instead of fighting it. Artists such as Kanye West, Radiohead, Pretty Lights, and more are putting their music out for free, and are making money through donations and concerts instead. Artists don't make the majority of their profits from CD sales - those go to the greedy record companies. Artists make a lot more money performing live and touring - what if we moved toward a system that lets artists put their music out for free, and they make just as much as they would have from people attending their shows? Maybe that would work out better in the long run.