I can see how music scene can be an example of the locust economy:
There is more and more bands, each of those have smaller and smaller listener base to the point that most listeners are musicians. Therefore musicians consume each other ("eat each other") and not much money is involved. This leads to proliferation of musical styles (I particularly like something loosely described as female frontend fantasy rock, a tiny niche obviously), which is a good thing; but we don't get universally recognized good hits from good bands anymore, which is a bad thing.
Anyway, locust economy is a call for Basic Income.
There is more and more bands, each of those have smaller and smaller listener base to the point that most listeners are musicians. Therefore musicians consume each other ("eat each other") and not much money is involved. This leads to proliferation of musical styles (I particularly like something loosely described as female frontend fantasy rock, a tiny niche obviously), which is a good thing; but we don't get universally recognized good hits from good bands anymore, which is a bad thing.
Anyway, locust economy is a call for Basic Income.