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Kaj_Sotala comments on October Monthly Bragging Thread - Less Wrong
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Nice piece. I wrote a somewhat similar one some years back, with the spin that illegal file sharing only made the inevitable happen earlier - that even if people hadn't been illegally copying things, it would only have been a matter of time before new entrants would have started selling their products at such low prices that the more established companies would have been forced to follow suit.
Yeah. My key points were (1) massive oversupply (2) basic microeconomics, and a bit of (3) most people aren't record nerds. I was disconcerted at just how many of these people who'd been working musicians for decades apparently didn't understand (2) at all.