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Re:Steve Miller: The Whole Music Industry Is Fuckin' Gangste... by williamcotton on Tuesday April 12, 2016 @08:48PM (#11484856)
Tyler Cowen wrote an entire book that answers your questions. It is called "In Praise of Commercial Culture".

http://www.amazon.com/Praise-Commercial-Culture-Tyler-Cowen/...

I expect it to turn out differently because the legal and accounting costs for future digital contracts will drop drastically.

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