Two of the founding principles of Libertarianism in the USA are:
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As promoted by the United States Libertarian Party, libertarianism is the belief that individuals should be free to make choices for themselves and to accept responsibility for the consequences of the choices they make. The typical description given is that no individual, group, or government may initiate force against any other individual, group, or government.
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Self-ownership (or sovereignty of the individual, individual sovereignty or individual autonomy) is the concept of property in one's own person, expressed as the moral or natural right of a person to be the exclusive controller of his own body and life. According to G. Cohen, the concept of self-ownership is that "each person enjoys, over himself and his powers, full and exclusive rights of control and use, and therefore owes no service or product to anyone else that he has not contracted to supply."
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The content pirates are initiating force (property theft) against the content owners. And, they are violating the rights of content owners to be the exclusive controller of their justly acquired property, i.e. their content. Furthermore, libertarians want the pirates to take responsibility for their actions and pay for their thefts.
The pirates create nothing and steal everything.
Link to Wikipedia's Refereence on Libertarianism