Should Torrenting be made legal?

In the world of legalities and legislation, Record Companies are trying even harder nowadays to prevent people from torrenting their music or downloading it through limewire and other free sources and possibly raving to it.

The problem i have with these companies is the overbearing price one has to pay to listen to the music, apart from the radio (which one would imagine hardly plays anything worth having their ears absorb whatever pitiful noise comes out the speaker), we have a limited choice or what we Can listen to. A school art lesson can tell us that it cannot be considered art if one is trying to profit from it. So how can music artists be called so if all they are in for is making money.

Sure there is the opposing view of: "Everything around you that you can appreciate has been paid for" for instance art galleries spend fortunes having painting and portraits to be located at their 22million square foot piece of land. 

Nevertheless, although i dont have the knowledge to do something like that, i certainly dont want to get fined some infidelic amount for having downloaded some songs. Although i do feel there is a large portion of people that have used torrenting to become famous, Arctic Monkeys to name a few.  I guess it will only be down to the overbearing power of government that we live in today