this post was submitted on 21 Oct 2024
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In the uk: arts investment on average returns twice what is put in to it. The problem is this is often non profit funding that is returned back to communities and organizations and not realized as profit and thus people think it's bad. No, it doubled the money, but then used the money on good shit and didn't just leave it sitting in a bank to accrue interest. That's a good thing.
I wasn't criticizing the value of Art, just pointing out the horrible economics of it from the point of view of the vast majority of its practicioners and having a go at explaining it.
And yeah, a lot of people in present day ultra-materialist Consumer Society don't see the value of Art even all the while they consume its products (such as Music and Films).
Yes I was agreeing and adding to your point if that wasn't clear!