COMMENT POSTED TO AN ARTICLE IN INVESTMENTWATCH
“We Live In A Society Where Beyoncé And Lady Gaga Are Considered To Be ‘Entertainment’ “
We had such performers in the 1940s and 1950s.
They didn't pretend to be "vocalists" or serious "artists," and their costumes certainly weren't hugely expensive. The entire productions were modest in most cases.
They were called exotic dancers or strippers, and the shows in which they performed were called burlesque.
What we've had is a kind of title inflation, combined with technology which makes it possible for them to reach tens of millions and thus become extremely rich. And, I might add, pretentious.