I have never said that I hated record companies, they do not exploit artists. If a company has put 100000 bucks ont the line to get an artist out of his garage, it is normal that they get their share of the money.
But record companies exploit their customers. How can anyone have a taste for art if all the things he hears is marketed identical music? 8 times out of ten, I can hear identical grooves in the music teens buy (they make half of the market).
I'm a music teacher, and my job is to make kids taste different kinds of music... But for the largest part of the population, Puff Daddy, destiny's child, are all the biggest artists ever, without even knowing they are rippoffs (even among real rappers, puffy is considered as a sellout) sad, sad, sad...
I'm starting my own company to promote artists this month. I hope I'll earn money thanks to that, but this is not my goal. First thing is to make musicians get out of their garage and be on the net. It won't be a record company, nor a "start-up" but something to help talented guys handle non musical things, so that they can keep on playing.