Piracy when it comes to software refers to the copying and distributing of software that a copyright holder doesn't approve of. Copyright holders and defenders of ip law think it is a form of theft. People pirate for many reasons which include getting something for gratis, avoiding restrictive drm systems, the product is not easily available to buy like when it comes to retro video games, etc.
Is piracy a form of theft?
No. If I were to go to a store to steal a candy bar the store no longer has the candybar. If I were to circumvent a drm or copy restrictions of a game (assuming if the game has them) and share and distribute them to other people, then the developer and company of the game still has access to the original copy of the game and of the assets and source code too. With digital software, there is no scarcity with it and you have to create artifical scarcity like implementing drm or copy restrictions to make it scarce. People who think piracy is a form of theft are corporate bootlickers and are brainwashed by antipiracy propaganda saying you wouldn't steal a car. (~ronin - I have debated with someone about this topic before and the guy I was debating with was saying I am doing mental gymnastics while you have to do mental gymnastics to think you can steal software. He was some moralfag too saying that he won't pirate since the bible says not to steal even though it is not a form of theft as I mentioned earlier.)
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