> If you want to create and capture lasting value, look to build a monopoly
> recorded music revenues have fallen from $21 billion to $7 billion per year. Newspaper ad revenue has fallen from $65 billion in 2000 to $18 billion
So Joe Schmoe could make a record and market it to the general public (read: get radio airplay) before the internet came and stole everything with their "monopolies" ?
Anyone could start their own newspaper back then too ? There wasn't a huge barrier to entry, like, oh, buying your own printing press ?
I'm not sympathetic whatsoever to "content creators" bellyaching stories about the good ole days when they had control of the monopolies.
Information is free. If the only reason you were making money in 1995 was because HDDs weren't large enough to store hundreds of albums, or because a competing label couldn't afford payola to the radio stations, you never deserved the money you made in the first place.
Companies back then solved the problem of information scarcity. The fact that there is no more scarcity doesn't entitle you to reparation.
> If you want to create and capture lasting value, look to build a monopoly
> recorded music revenues have fallen from $21 billion to $7 billion per year. Newspaper ad revenue has fallen from $65 billion in 2000 to $18 billion
So Joe Schmoe could make a record and market it to the general public (read: get radio airplay) before the internet came and stole everything with their "monopolies" ?
Anyone could start their own newspaper back then too ? There wasn't a huge barrier to entry, like, oh, buying your own printing press ?
I'm not sympathetic whatsoever to "content creators" bellyaching stories about the good ole days when they had control of the monopolies.
Information is free. If the only reason you were making money in 1995 was because HDDs weren't large enough to store hundreds of albums, or because a competing label couldn't afford payola to the radio stations, you never deserved the money you made in the first place.
Companies back then solved the problem of information scarcity. The fact that there is no more scarcity doesn't entitle you to reparation.