*ROFL* There will be no more 'professional' musicians! As if! Every person that gets rich and then decides to go into music could be one. Every one that decides to play in the Philharmonic is one. Every musician that derives an income from teaching other musicians is one. Who's to say that other organizations won't spring up to fill the void? Remember that a vaccum will not last long in nature -- people want music and will endure, no question. P.S. if "professional" you mean "able to sound like bands that play on the radio" you might want to look around you. There are literally tons of musicians who have day jobs and have the same amount of skill as folks on the radio. If Nirvana and the Sex Pistols and NKOTB can make it...
Who's to say that other organizations won't spring up to fill the void?They will, if they're willing to do it for free.
Remember that a vaccum will not last long in nature -- people want music and will endure, no question.
Absolutely, spare-time weekend garage bands will always be around.
I agree that the music industry is full of scumbag middlemen with no added value. But more important than them or anything else is the right of property, which everyone here seems willing to toss out the window. If the industry disintegrates as an industry, and there is no money in it at all, then it will be an all-underground operation.
From a musical perspective, that may not be a bad thing. But from the perspective of the rule of law, it is very bad. And the economics of it won't be good either.