For all you simps who can't understand the economic dynamics at play here let me break it down for you: Small Business and Free Market Capitalism are not synonymous. In this particular case, Free Market Capitalism is killing small businesses and independent venues. A huge corporation with vast resources (the Goliath in a a David vs Goliath situation) is using those resources to pay way more money to a vast majority of artists (ones that typically only earn guarantees of 100-1000) and eliminate merch cuts. They can afford to do this due to the vast resources it has accumulated as a corporate conglomerate (a foundational aspect of free market capitalism). Independent, blue collar, and working class venues cannot afford to pay artists 1500 as a rule, while skipping merch cuts. This means bands will make more playing with live Nation, and less artists and talent agencies will book through Independent venues, and Independent venues will slowly shutter. But laissez Faire is best right??
For all you simps who can't understand the economic dynamics at play here let me break it down for you: Small Business and Free Market Capitalism are not synonymous. In this particular case, Free Market Capitalism is killing small businesses and independent venues. A huge corporation with vast resources (the Goliath in a a David vs Goliath situation) is using those resources to pay way more money to a vast majority of artists (ones that typically only earn guarantees of 100-1000) and eliminate merch cuts. They can afford to do this due to the vast resources it has accumulated as a corporate conglomerate (a foundational aspect of free market capitalism). Independent, blue collar, and working class venues cannot afford to pay artists 1500 as a rule, while skipping merch cuts. This means bands will make more playing with live Nation, and less artists and talent agencies will book through Independent venues, and Independent venues will slowly shutter. But laissez Faire is best right??