While I find your vitriol refreshing, I would suggest a change in your reading list. For those that want to examine the economics of IP vs. The Record Business, I would first read Fredric Dannen's Hit Men.
It is still better than today where there are no advances and really no way to ever recoup the production costs unless you completely ignore digital and go back to selling vinyl... which is what most artists are doing.
In the next few years we're going to see a wholesale abandonment of digital and social media from musicians because everyone is finally going to figure out that what Silicon Valley has been building for the last decade is an economic desert. Who gives a crap if you're reaching an audience that doesn't come to your shows and doesn't buy any of your wares?