Yes this is pretty much it and it's obvious to me.

There's a big corollary to FOSS and gpl, but a lot of people seem to miss it. This future isn't for our culture, it's for business. And since our culture requires making money to make things adjacent to art, less culture will be made.

A lot of generated music is good enough to wind up in playlists. Lots of live bands already fake it, and lots of music venues have already replaced live music. That doesn't mean music will die, it just means it's harder to discover new music and go see a show.

I think there's some European countries that have some kind of basic income/stipend for artists. If this is the direction of the future we need to ensure something like this exists.