Whose fault is the demise of the record industry? Gene Simmons points the finger at the audience:
"They've decided to download and file share. There is no record industry around so we're going to wait until everybody settles down and becomes civilised."
So, it's not the fault of the industry itself for failing to respond to changing technology and shifting consumer demand.
And does it not occur to Simmons that - if an industry finds itself without people willing to pay for the products it produces at a price they are happy with - there actually is no industry? Does he believe that the major labels are in some way a social good, like education and socialised healthcare and that - although they are profit-maximising beasts who have happily embraced capitalism in the good years - customers owe them something to support them when times get tough?
Why is 'unfortunate' that businesses which fail to respond to the markets in which they operate will, themselves, fail? Isn't that what the market economy is supposed to do?