To add to the Dylanology expressed above (quiz: anyone here know Dylanology’s inventor’s name?), no major poet or literary critic considers Bob Dylan a poet. So much the for the can’t sing but he’s a great poet line! Wrong again, back to can sing Heino, I guess!
Returning to the free market theme of the music industry, Philadelphia was the center of manipulation, payola and corruption, with Dick Clark the biggest payola recipient who got away with it, while Alan Freed, who at least had good taste unlike Clark, was destroyed (was it a “let’s get the Jew” campaign? I dunno), and the teenage idol factory there Cameo-Parkway Records Home of the Twist, the Mashed Potato, Pony Time, Gravy and even Bristol Stomp (later bought out by the notorious accountant Allen B. Klein, whose ABKCO Records is still in business after his demise, and has at least Eric Burdon on its label.)