Don't get me wrong, there is a cultural force in America that produces painting, cinema, music, and literature. But in no sense is it ours. Culture today is owned, operated and, in the final analysis, enforced by a profit structure. All things equal (to speak in native economic terms), this shouldn't be a problem. Art needs money, creators of culture also have to eat. But today, the wealthy and powerful no longer fund art and culture; they invest in it. And they expect their returns.
Thursday, January 28, 2010
Funding Versus Investing
Ashley Rindsberg in an essay for the Huffington Post: