Destruction Of The Music Industry, A History

“Technology saved the music industry in the ’80s. Technology also destroyed it less than 20 years later. The advent of file sharing programs like Napster, the industy’s refusal to adopt new distribution methods, free-spending executives, the shrinking of radio and the increasing power of big-box retailers over devoted record stores — all have led to the present situation, where many consumers would rather steal music than pay for it.”