I can't write this link any better (via jhiggy on Metafilter), so I'll just quote it:

'A Minor Threat to business as usual: A fine Q&A with Ian MacKaye (Minor Threat, Fugazi) about the ethical, fan-friendly approach to music business at Dischord Records.' Here's his take on Napster:

'Is the Napster phenomenon any more troubling to you as a musician and co-owner of a record label than home taping of music was in the '80s?'

'Not to me. We never had any problem with home taping. Again, this is not our commerce. I don't know much about Napster -- my computer doesn't go fast enough to fool with all that stuff. Certainly I love the idea of the application. I understand the issues a band would have if somebody were to take an unfinished tape from the studio and put it up on the Internet. That's a drag, because it's not something they're ready to have released. But I don't believe that it undermines the industry. Most people I know who use Napster listen to stuff they've never heard before. And then they get psyched and go out and buy the...records. It's more like a sampler.'