I think this steamrolls some of the nuance out of what he's saying. It's not like Jefferson Airplane got nothin' out of those records they sold.
good read, I particularly enjoyed this passage:
"Congratulations, your generation is the first generation in history to rebel by unsticking it to the man and instead sticking it to the weirdo freak musicians!"
Nice sentence but not true. The sixties/seventies generation who thought that underground rock was a rebellion against the man were buying records almost exclusively from COlumbia, RCA, Warner/Elektra/Atlantic and EMI - the majors, anyway, who fooled the flower power kids into believing they were on their side. As I recollect, the only indie company that sold a shed load of records in that period was Fantasy.
MG