Spotify Hit with $150M Class Action Over Unpaid Royalties
Is music really worth this much? I mean, its intrinsic value to society? It's normally used as the backdrop to a party, or exercising, or some other such thing, but really, $150,000 per song?Why can't we put a clamp on the problem of every random artist thinking they've created something that lasts a few minutes and has more value than most people make in a year?The entire system of copyright and recorded art needs to be abolished, and any music that is recorded instantly becomes the public domain. This would do away with many industries that serve almost no purpose for society, other than to attempt to extract value where no value has been created.The conventional way for artists to make money should come from performance.