We will begin by describing the past and current state of peer to peer file sharing. We recognize the fact that these systems exist for music, software, television, and film industries. However, we will focus on the music industry for in our depth analysis. We will look at systems such as BitTorrent, KaZaA, Napster, and iTunes, among others. Because there is multipule ethical points of view, we will examine various perspectives on these systems by assuming the roles of real players in this debate: 1. The RIAA: record companies who own copyrights. 2. The independent artists: lacking the advertising budgets of big-name labels; use file sharing to promote their work. 3. The paying consumer: uses legal file sharing programs for ethical and legal reasons and/or for ease of use. 4. The non-paying consumer: shares and obtains files illegally. After these perspectives have been explored, we will attempt to unite them all into one debate focusing on the ethicality of peer to peer file sharing, and conclude with a vision of the future.