The ruling is mostly full of shit:
Sites like The Pirate Bay destroy jobs in the UK and undermine investment in new British artists
I'd like to see evidence to back this up, innocent until proven guilty and all.
The Pirate Bay infringes copyright on a massive scale
No, it doesn't. TPB doesn't provide any content at all. Not only that, but it also provides links to non-copyright infringing material. Eg: Some of Nine Inch Nails recent releases have been legally made available over bittorrent in 24/96 high quality.
Its operators line their pockets by commercially exploiting music and other creative works
According to wikipedia, TPB earnings in 2006 were $102,035.05 US, and expenses in 2009 were $112,590.40 US (couldn't find data for the same year) but they can't be making a huge amount of profit on those margins.
But the thing that really gets me is our government giving itself power to censor the internet.
But the thing that really gets me is our government giving itself power to censor the internet.