the major labels don't dump any money into young bands any more, and the industry suffers...and that's why you have to look to Indie labels for the good stuff these days.
There is a lot of great music made still and most of it is in the so-called indie scene.
The lust for money ruins everything artistic eventually. Instead of the artist focusing on his art he is pressured, either by himself or by the labels, to MAKE MONEY as first priority. The goal is not the art itself but making money. What sells best and easiest to a wide audience? "Fast food". Easily palatable crap.
Examples everyone knows: Metallica. Young hungry guys making good metal. Now let's sell this shit to an even wider audience to make big bucks and the result is... well, complete garbage.
Michael Jackson during the Thriller days was magnificent. But huge success like this is still not enough and he releases a huge amont of garbage. Listen to "Black or white". LOL, with the shitty rap in the middle. Dirty Diana, Beat It, etc was fantastic pop music.
There are so many artists who should have quit decades ago.
Jennifer Lopez and her "macarena" song? My god.

The Whip my hair song by Will Smith kid, don't think I ever heard worse shit.

Money = root of all evil