Blaming the music industry is pointless
Things have changed.
There was a time (60s, 70s, maybe even the 80s) when being up to date and trendy with music was fashionable and the yoofs would spend all their money on records and looking cool. Every street had at least one garage where some wannabe boy-band was making crap sound they call music. The music industry made a lot of money.
Music is no longer fashionable.
Fashions come and fashions go. Music has gone, just like bell bottoms and stovepipe jeans and various haircuts. We don't blame the hair industry fro the demise of the duck tail, so why blame the music industry for the demise of music.