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Hollywood Shuts Down After 160,000 Actors Walk Off the Set
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I think that's in part due to nepotism. It seems like everyone who's successfully in entertainment is the child or grandchild of someone else who was successful in entertainment. The same is true for the music industry and its starting to become true in the AAA gaming industry.
When people start to get those jobs because of their family connections rather than their ability everything goes downhill. The most obvious example outside of entertainment is politics.