A McGill academic has a plan to end file swapping and save the music industry. Here's an excerpt from the article:
Pearlman proposes putting all recorded music on a robust search engine -- Google would be an ideal choice, but even iTunes might work -- and charging an insignificant fee of, say, five cents a song. In addition, a 1 per cent sales tax would be placed on Internet services and new computers -- two industries that many argue have profited enormously from rampant file-sharing, but haven't had to compensate artists.
The assumption is that if songs cost only 5 cents, people would download exponentially more music.