Secondly, for the first time in the modern era, the dominant country in the world which I think is China will become, will be not from the West, and from very very different civilizational roots.
To survive, musicians are effectively returning to their historical roots, back where they were before the record player was invented: going out and singing for their supper.
I can't agree with you more about winning over the respect, and furthermore, before winning respect from others, we need to check on ourselves and find out what the problems are.
Rather than "do nothing" in response, I'd suggest we get some perspective on the root cause of this crisis – not human beings but the cultures within which they operate.