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I think there's a valid point here, but I also think (at least anecdotally) that we are trending in the direction of more people listening to fewer songs. (Woul
by its_ethan 4y ago
I think there's a valid point here, but I also think (at least anecdotally) that we are trending in the direction of more people listening to fewer songs. (Would love to see some Spotify data on that front lol)
I would argue that it's not going to collapse to 1 artist or 1 song for a similar reason that all wealth will never be in the hands of 1 person. If the rate of change (or just raw distribution) in wealth is unhealthy, that will present itself in the form of a less healthy economy.
That will likely cause a bit of a churn and redistribution to sort of self correct. There's also the fact that wealth typically doesn't survive through generations all that well. If this didn't happen, the Rockafeller's/ Vanderbilt's/ Carnagie's from the past would still have the top wealth holdings - sure they are still incredibly well off and have a huge advantage from family name, but per a Forbes list none of them are in the top 2500 wealthiest.