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The richness of all the pop movements that came in rapid succession from the 1950s to the 1980s or 1990s was because kids from any background could break into the scene and be heard. These days it's mostly rich kids and music is poorer for it.
Yes.
Related is this recent article about how a third of artists living in London can't pay their rent.
https://www.theguardian.com/artanddesign/2023/jul/09/london-creative-core-risk-poverty-visual-artists
I guess a Tory would say "Law of the Jungle" and that artists need to respond to market demand etc.
The music scene has totally changed but I don't think university places are the culprit. What proportion of the kids that broke in to the scene that you mention went to university?
With one or two exceptions, it's mostly well-educated Art school or uni students. Certainly most of the "successful" British ones. Working class bands - especially those "manufactured" solo artists or groups - tended to get screwed by their managers and record companies (probably moreso today).