Which is more powerful if consumers don't steal money out of their pocket.
Pay for cool things and you'll get more cool things.
It seems to me like piracy of shows is tangential to whatever the root of the issue is. Folk are becoming disenchanted with streaming services. Whether they pirate or just stop watching instead, the services have clearly changed in ways that make them less valuable to consumers. Unless somebody figures that out, it's not going to improve. I doubt DRM is the answer, although a combination of higher prices and consolidated content might be. Folk would pay more for Netflix if it was still a "monopoly" with all the popular shows.
I think accusing folk of stealing money out of your pocket for downloading a video is quite hyperbolic and isn't winning you any arguments. You're trying to make it a moral issue, but it isn't really a moral issue, and nobody outside of the industry cares. You could claim that it's disrespectful to you as a participating member of society, and it probably is, but yelling at people to respect you more doesn't work, and has the opposite effect.
I think your point, though, is that it's a tragedy of the commons situation. The industry works as a whole because people are willing to pay a premium in exchange for entertainment. If people don't pay, then there's no incentive to produce. If folk value new entertainment, they need to support the industry that produces it.
The problem, as I see it, is entertainment is being seen as a "good" and not a "service." Physical dvds and vhs has conditioned us to think that it's a physical good, so there is no harm in replicating the digital product. In fact that emotional state derived from viewing the entertainment is the service that is being paid for.
Taking the value of receiving that entertainment without providing the cash value of that service is stealing.
Then the ephemeral luxuries, such as entertainment, begin to take a more relaxed position on our moral compass when one compares paying for entertainment services, vs, using funds for food.
I pirate-streamed the first season of discovery due to its lack of availability on other platforms. Felt like a 10 hour movie about a dystopian future with weak shallow characters rather than an episodic serial about the great people solving problems in a better society than we have today. Tried a few episodes of Picard and just didn't get into it. Neither were entertaining enough for my full attention, ended up watching on second monitor while playing a game.
I would feel like a schmuck if I paid CBS to subsidize this content: wasn't what I want more of in the world. There is no "voting with your dollar" in modern content delivery when you can't get a refund when a show ends up being a waste of time.
In the future, I suspect we'll still have storytellers for the same reason we do today. To Inspire, educate, and entertain. I cannot envision society with zero entertainment.
There is no option for refunds. Pirating first gives the user more control over which films they economically incentivize iteration on.