This precisely. What started out as a way of rewarding authorship (of text, software, or other things) has mainly become a way of extracting rent -- see the music, movie, and software industries. In the digital age, when the cost of making copies of such works is approximately zero, copyright law ceases to make sense.
Note that this does not mean you cannot make money selling software or software-related services. For example, game developers could still sell keys for online play on their servers even if they couldn't copyright the binaries.