And at the end of the day, it's also due to a bizarre sense of entitlement. For some reason, people actually believe they have a right to see films and play games for cheap.
That's nonsense. Games are not a right. Neither are films. They aren't made by the government, and none of your tax dollars went to making the games. I don't know what your smoking, but it must be pretty powerful stuff if it made you believe you have a "right" to play ME2 or Call of Duty Black Ops for free. You don't have such a right.
Video games are made by private companies, with their own money. They put a LOT OF WORK into their games, they take enormous risks, and it's THEIR PRODUCT. At the end of the day, THEY MADE IT, IT IS THEIRS. They have a right to charge XYZ for it, and you also have a right to say that it's too expensive. They have a right to put it out at a price they want, you have a right to refuse to pay that price, but you DON'T have a right to steal it.
You can say "but surely they owe it to their fans to make it cheap! THEY OWE ME!" - no they don't. Not from a legal sense, not from a moral sense. When you buy a game, you are buying that game. Once the transaction is done, you don't have the right to demand anything from them. I mean, how would you like it if you made lemonade, and you sold lemonade for, say, $1.00 for 500ml. Say you decide to raise the price to $1.50 for 500ml, and someone said, "HEY, I'm a fan of your lemonade and I DEMAND you lower the price, or I'm gonna steal it!". How would you feel? What right does that person have to demand you, the maker, to lower or raise the price?
I've met a lot of pirates, I'm friends with some of them. You will not believe the stupid BS excuses they make for themselves. They always say "I'm just trying it to see if I like it, I'll buy it if I do", but then they never actually do it. When you raise that point they are curiously silent. Then there are those who say "it doesn't cost them that much to manufacture it, why can't they sell it cheaper". Of course, they don't factor in costs like staff wages, the time and effort necessary to make it, the development cost, they associated marketing and distribution costs, they QA costs, the publisher costs, etc. It's like saying "hell, this expensive drug can be manufactured for a fraction of the price they're selling it", without taking into account the ENORMOUS, MULTIBILLION DOLLAR costs associated with developing and researching it in the first place.
Just because a blank DVD is cheap, is not an excuse to pirate a game. There's more to making a game than copying it to a DVD or CD. The true cost of producing games is in the millions - those people would like to get paid for the efforts. It's only fair.