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Euphoria14 said:
Someone bought the game, the retail disc they bought is their property. That same person then decides to make a copy and then distributes it for others to download.

Doesn't sound like theft to me, it sounds more like someone making a copy of their own property and giving consent to anyone who wishes to download it.

When I buy a game is it not really mine?

Yes. That physical game disc is your's however, the content is not yours to distribute. That is still under the ownership of the creators.

 

EDIT: Which is why it is legal to sale your copy as a used item.