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Pay-What-You-Want For Albums: Great Idea or "Idiotic"?

Pay-What-You-Want For Albums: Great Idea or "Idiotic"?

Remember back when Radiohead allowed listeners to pay whatever they wanted for the In Rainbows album? That was pretty cool, right? Well, Robert Smith of the Cure disagrees. He told the following to Music Radar:

You can't allow other people to put a price on what you do, otherwise you don't consider what you do to have any value at all and that's nonsense. If I put a value on my music and no one's prepared to pay that, then more fool me, but the idea that the value is created by the consumer is an idiot plan, it can't work.

What do you think of this? Is the pay-what-you-want tactic foolish? Or a cool idea?

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