View this link:

http://www.newstatesman.com/music/2009/07/hip-hop-record-rapper

K-punk on the demise of hip-hop:

The stage was set for hip-hop’s embracing of the gangster. Its adherents were fixated on films such as the Godfather trilogy, Goodfellas and (a particular favourite) Scarface, because they presented a kind of anti-mythical myth. The world they projected – of generalised betrayal, distrust and exploitation – was in tune with the capitalist realism of neoliberalism, except that hip-hop’s celebration of the crime lord, its sense that there was ultimately no difference between the tycoon and the criminal, acted as an unintentional parody of neoliberal rapacity. Even so, the left was faced with the melancholy prospect that the dominant form of black popular music was now a celebration of conspicuous consumption and will to power. In hip-hop, as in neoliberalism, economics bullied politics out of the picture.