[api]

What I've seen is that the Internet intensifies the power of gatekeepers in the long run. It overloads people with too many choices, and in choice-overload people fall back to relying on a few filters to tame it down.

The information age is numbing. There is too much of everything, so it's all debased.

The Internet also flattens everything. You get a market with no barriers anywhere. Power and prestige accrete to the winners due to network effects.

Put those two things together and you get an extreme power law market with one or maybe at most two or three winners who own each vertical. I expect Apple Music and Spotify to be the only two "record labels" on Earth here in a few years.