I think the writer of this article is promoting a utopia, a reality that is in defiance of reality. Copying of information is free by natural law. It is utopians who hope to defy natural law by putting a price on something which by nature is free.
Would our world come crashing down in this scenario? Well despite the internet and rampant copying, the world seems to be continuing just fine. Even the commodity which was copied most rampantly: music, seems to be continuing to be made. I didn't hear any news that the music died. And despite there being more free, out of copyright and brilliant books, not to mentioned pirated ones, I don't see anyone lamenting not enough new books being written. You can argue some masterpiece would have been writtten, but I doubt it. Creativity exists even without incentive. Even the Soviet union, lacking any meaningful incentive for anything, didn't do too badly in the area of artistic endeavor.