Storm Raven said:
That just serves to ensure competition. How is that a better market model than a competitive one?
If you'd read the post I was responding to, you'd see that the complaint I was responding to was that if the large media publishing companies suddenly disappeared, that the resulting mass of smaller companies, while producing more competitive environment, would eventually swallow each other up and become a tiny number of huge companies again. Decent antitrust legislation would prevent that cycle and ensure that, rather than having a market driven by the ability of a set of large companies to push their material, the market would be driven by the competitive value of the material being produced.
As you've said, Britney Spears' music isn't going to be worth anything 15 years from now. Therefore, it must be fashionable garbage. Why do people listen to it? I'll wager it's not because they actually care about how the music sounds. Rather there is a huge marketing machine that is presenting them with a constant barrage of her and her music, so they come to associate it with normal life. As long as the music is artistically inobtrusive, vaguely danceable, and involves a certain amount of prurient content, it can be pushed in this way because most people simply do not care what music they listen to, except that it must be perceived by them as cool and popular.
I claim that people do not listen to Britney Spears because they think she makes good music. Rather, they listen to her because a careful plan has been executed to make her become a part of the social world of the people who listen to her. They come to associate this music with their lifestyles, and feel the need to continue to listen or else feel disconnected from their lives. This is a planned effect.
I suspect that in the absence of very large publishing companies, this type of music will continue to exist. However, there will be more room in the market for other, different producers of music. Music that might be worth something 15, 50, or 200 years from now. Actually, I know that this music is being made. However, it's not being widely consumed because the large companies want to push media that's been calculated to sell to the least common denominator like Ms. Spears, so they marginalize pretty much anything else. In the absence of this effect, something closer to equal time could be given to more sources of media.
Actually, I disagree with Kamikaze Midget. I think that things like satellite music channels and internet streaming will eventually provide a similar effect by providing competition vectors for smaller producers. Currently, I haven't been able to find many satellite radio channels worth listening to (and it's been some time since I last checked), but considering how many there are and how many keep popping up, I expect it's just a matter of time before they start putting better stuff on more channels.
But this is getting really off-topic, so I'm going to let it rest at that.