This is consistent with most lifestyle brands. Look at rock climbing. The people who spend their lives free climbing don't spend $300 on a hoodie and even if th

This is consistent with most lifestyle brands. Look at rock climbing. The people who spend their lives free climbing don't spend $300 on a hoodie and even if they did, there are diminishingly few of them to sustain a luxury company. Every autumn people in cities dress like they've just stepped off a horse or are on their way to a grouse shoot without the land, means, or skill to do either. Dressing like a rock star doesn't make you one, but that never stopped anyone from paying $200 for a pair of jeans. It's not capitalism, it's something else. On the consumer side, it's "mimetic desire," which is a whole complex thing. On the creative side, when you love something, how do you find a way to make enough money at it that you can do it as a way of life? Then once you do, how do you compete with well capitalized people whose interests aren't divided and who specialize in selling empty symbols to rubes? (answer: teaching, performance, and elite competition) When you are actually good at something, you don't buy symbolic things to represent it because representing it is hollow and absurd. It's not a paradox of capitalism at all. When you are actually good at something you love, you are above the fray. Paradoxes and criticisms are the noisy artifacts of people reconciling symbols, and not meaningful to people who are engaged in the moment. So, I'd say there is no surf industry, just an industry that sells surf symbols, and to surfers its failure is necessarily meaningless.