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We have only ever found one stable system that works and gives everyone reasonable comfort and equal opportunity - capitalism. Piracy undermines capitalism and companies either fail (remember that without companies we have no capitalism and therefore a worse system) or resort to liberty-restricting measures like DRM.

By pirating games, you are electing for a system that is more unfair and inefficient than capitalism.

Now, reverse engineering for the purposes of e.g. compatibility ought to be legal, because otherwise the company is restricting your rights to do something with something you bought, and that is supportive of a free market, not undermining it.