In contrast, information can be copied and move to new media fairly simply.
If Grandpa's pocket watch were destroyed, you could buy another pocket watch of the same model and vintage, but it really wouldn't be Grandpa's pocket watch. This is one source of friction when estates are settled. In contrast, you could copy all the digital photos of Grandpa and hand them out on USB sticks like party favors.
That means, with some exceptions, to the extent that someone is harmed in information 'theft', it's that their business model was affected (I can't make as much money on Mickey Mouse cartoons!). It seems like a contradiction to me to call it 'capitalism' when government protects particular business models.
That's why I said I prefer to think of IP laws as 'corporatism'.
Sorry if I under-explained things.