Todays popular music is a sad state of affairs that has nothing to do with art. Most of these "iconic" bands will reach superstar status based on sales and not much else; less musical ability gets in the way, trumps and interferes with a corporate music industry whose sole focus is creating windfall, not art.
I honestly believe the majority of quality music has already been made and now we will go through the phases of re-hashing era's of music (complete with that generations fashion of course) that will be forced on us through the media and of course people will act like its just as cool the second go round.
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