by carl wilson

A Culture-Based Economy or an Economy-Based Culture?

koonsdiamond.jpg
Jeff Koons's "Diamond (Blue)," which sold for $11.8-million in a Christie's auction yesterday.

Stratospherically high-end art dealer Jefffrey Deitch in The New Yorker last week: "The art world used to be a community, but now it's an industry. It's not just a market - it's a visual-culture industry, like the film industry or the fashion industry, and it merges with both of them. Julian Schnabel makes movies, Marc Jacobs does collaborations with artists. We live in an increasingly culture-based economy, and the value of art is in synch with other tangible assets now, like real estate. I try to act responsibly toward the art, but if people offer tremendous amounts of money for it you really can't control that."

Bruce Springsteen in this week's Rolling Stone: "Race, poverty - those things get lost, and not unintentionally, through the use of other issues. There is an issue with national security that's real. But the movement has been toward a plutocracy. People say, 'We're in a second Gilded Age.' There's a price to pay for that. It weakens the foundation of the country, and it denies us freedoms, denies us connection with our own neighbors and citizens. Those are big issues that have failed to be addressed for so many years. Race and poverty clearly are major issues. And what's so disappointing is that they were major issues forty and fifty years ago, yet at least then they were part of the national conversation. It feels as though the conversation about those things has stopped at this point."

General | Posted by zoilus on Wednesday, November 14 at 1:36 PM | Linking Posts | Comments (1)

 

COMMENTS

40 years ago the national conversation on poverty was about people living in substandard housing conditions. Now vast homelessness is barely a blip on the screen.

Posted by john on November 14, 2007 3:48 PM

 

 

 

Zoilus by Carl Wilson