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The music industry is a multi-billion dollar market and growing, so it's not really fair to say that the world doesn't value it. The problem is that it's a bit
by peab 1y ago
The music industry is a multi-billion dollar market and growing, so it's not really fair to say that the world doesn't value it.
The problem is that it's a bit of a winner takes all market. It's comparable to professional sports.
Everyone loves soccer, but 99.9% of people won't get paid to play it. That doesn't mean it isn't valued - some of the highest paid people in the world are soccer players!
- pydry 1y agoIt'd probably be a bit less winner-takes-all without the capitalist dynamics that make it such.
- sien 1y agoThe technology plays a huge role. Why watch local soccer in most of the world when you can watch the Champions League on the internet ? In the Soviet Union people were watching Dynamo and Lokomotiv on TV rather than going to local games too.
- peab 1y agoI don't think the capitalist dynamic have as much of an impact as the technology and social factors. Tech allows distribution, and the social factors is people want to listen to what's popular