Uh... no, not at all. It was a smart and necessary thing for the time it was created; the problem we're living with is that it hasn't evolved or adapted at all in the intervening century. There are multiple forms of new media that have cropped up, information has been siloed and monetized, and the semi-entrepreneurial nature of creative businesses in the early 20th century has been replaced by the monopolies of Disney, Facebook, et al. Copyright law was created as a means of protecting and rewarding creativity and ingenuity, but the "advances" of the last century have perverted it into a tool to instead bludgeon them down with. The legislative and regulatory bodies that initially created copyright law have ossified, atrophied, and self-mutilated into institutions incapable of even recognizing the need for adjustment.
