Imagine you were an accountant used to working with a book ledger. Then computers with accounting packages came along. You could make a choice about embracing the new technology or trying to delay it with (quite valid) arguments about the pitfalls of it. If you had enough clout, you could event mount a legal campaign to ban this unproven and unreliable technology because it is unsafe, dangerous and destroys people's livelihoods. Of course you would ignore then known unsafe and dangerous aspect of they way you currently do things.
The growing reality is that, if you are a musician, you don't need the record labels. If you do gigs, have a $500 recording setup, a web site and have a Myspace or Facebook account, you can do your own production, promotion and distribution. In this case, you might not sell as much as you would have if you had a deal with and label company represented by the RIAA, but what you did sell, you would ouwn close to 100% of. Not so with a record label.
What this country needs is a good five dollar plasma weapon.