Interesting argument. At first sight it looks like an argument for scarcity, but I think it's more an argument for relationship - the value of art isn't in the capitalist concept of 'a for-profit content object in a corporate inventory' but in the social relationships and shared experiences it creates.

Without that, everything gets atomised into lonely individualism. You sit there with your headphones on listening to [Interesting band]. Not only do you not really care because you don't feel personally connected to the music - it's one of literally more than a hundred million content items on Spotify - but you're not sharing the experience.

This seems like the loss of a valuable thing which capitalist economics can't put a price on because it has no concept of value-created-by-shared-experience.

Superficially it's the same as 'sell-content-consumption-item-to-the-mass-market' but it's fundamentally not the same kind of thing.

The value is relationally both fleeting and persistent in ways that content consumption experiences - including live and recorded media of all kinds - aren't.