> We all know that bootleg DVD stands are doing something illegal, but the internet literally went black to protest SOPA, a law designed to crack down on digital bootleggers.
That paragraph completely misses the point about the SOPA protests.
Paul Graham's nightmare scenario...the entire adult world becomes a high school popularity contest, forever.
Let's talk semantics. Who is an artist?
An artist is a person engaged in one or more of any of a broad spectrum of activities related to creating art, practicing the arts, and/or demonstrating an art. -Wiki
"The expression or application of human creative skill and imagination,... to be appreciated primarily for their beauty or emotional power:" - New Oxford American Dictionary
So then one could say that art is simply the human expression of beauty.
So, if someone doesn't find any beauty if the work of Taylor Swift, perhaps she's not an artist to them. Not that absurd considering beauty is in the eye of the beholder.
Fans and followers will make one an artist, not art alone.
The creation of art is a necessary, but not sufficient requirement to becoming a successful modern artist. For that, you need art and fans, both of which TSwift has in abundance.
Side ramble: I've never understood why people paint "real" bands as being lo-fi, guttural, punk and romantic. It's a goddamn privelege to afford all that equipment. Here's your true punk: pirate Ableton and upload a tune to YouTube for free.
Back to the point, for a lot of styles, the only point of a label is marketing. But this can be a very useful tool -- even just acting as a quality filter is useful.
I know people doing electro, and they pay people to do this job. It is really hard to do it correctly.
Even people like DeadMau5 and Daft Punk do not do the mix/master by themselves. They just monitor the people doing it (look at some of their interviews).
This is happening on Bandcamp already. A smaller label called Jade Tree put their entire catalog up there and as a fan of the label it was awesome to see them do this.
Back to your point with labels, they do benefit the artist despite it seeming like they don't. While 360 deals may be worse for the artist the labels provide them with a recording studio, mixer, producer, distribution, endless supply of industry contacts, merchandising companies, etc.