What is REALLY happening to the music Industry?

As a singer/songwriter I am appalled at the state of the music industry! I just heard a rumor that Kim Kardashian is getting ready to create an album. Now, unless she is an awesome singer and never had the courage until now, I think this is a sad day in the music industry. It means we have traded the need for real talent in for the possibility of how much money we can make off of "Blue smoke and mirrors." There are hundreds of artists that I know in the Chicago land area alone, that are super talented and record labels turn them down, time after time again. They have been singing for years, recording for years, and filled with the passion of music and what it brings to their souls. So, when a person who doesn't even know the craft very well, and just says hey, "This is anybody's game now, I can make a record too", it decreases the integrity of what true artist who were born to do, and stand for.  The only thing that I can commend is that she is really working this stupid industry because she wouldn't be the first one who decided to make a record and did so. This makes her  a smart business woman, but with absolutely no class in my opinion. If I didn't go to medical school, I am not going to apply for a job as a doctor in a hospital, unless it has PROVEN that I have saved lives and I am naturally talented and blessed by God, and I have been doing it for years! However, it's the people that perpetuate this kind of foolishness, so I need to know from you! What is happening to the music industry? Have we given up?