Peter Frampton: 55 million streams and I got paid $1700

They should start their own streaming service then and charge/find revenue accordingly. Its not like some protected market. I could probably whip out the back end in a day or so. Front end (except mobile) maybe another day.

Yes, record labels own the recordings. They're free to re-record masters like Taylor Swift.
No
Like Education and Heathcare (and probably many others) there’s very little benefit and wide scale detriment to applying a business model (sr management and shareholders benefit, most everyone else suffers )
Predatory capitalism should be challenged at every level
Your ‘go it alone’ approach is little different than telling a doctor she should learn administration as well