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I don't think we are the only industry to implode on itself, but I do think our circumstances are extra special.
I can't think of any other industry (maybe journalism) besides the adult video industry that has reached a point where their products are more in demand then ever (the most amount of internet traffic on porn sites than ever) while devaluing the product so much that probably the smallest percentage of consumers ever in the past 10 years is willing to actually pay anything for it.
Many of the reasons have already been stated, most people recognize it, yet many are still unlikely to put any efforts in mitigating the damage.
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