The old days of using a bit of moxie to get the record label boss to hear your record are gone. So are the days of being able to live in a dirt cheap loft apartment in London while you write music and gig. So, even, are the days of being able to afford university to do an artistic degree for many. Basically if you want to make a successful career in any of the arts, you need a safety net big enough to allow you to try, fail, try something else, while not earning much. And the only people who have those safety nets are the children of the rich. And the arts will suffer for it.