We decimated recordings as a revenue stream (and literal decimation might be wildly generous, given that stream payouts frequently never add up to a single sale for many artists). We let people peddle the lie that artists can just find some other revenue source like merchandising or another job or anything else rather than paying for the thing people ostensibly value.
Minor league success was never an easy proposition but we had a chance to give it better margins. And we let Spotify and others eat those, and let too many people tell comforting lies to consumers along the way.
And without a major cultural shift, we will do the same thing for everyone eventually.
If hundreds of millions of people decide to use Spotify and Youtube to obtain their music, and if that means most artists are shafted in the process, no secret organization enacted some conspiracy to achieve that. Instead, technology enabled a new form of consumption, and producers faced a new level of competition.