It is painfully obvious that meaningful appreciation of the economic past is lacking. And that ignorance has consequences outside the academy.
READ MORE ›
READ MORE ›
Reviews of Swift’s latest work juxtaposed its quality with her unmatched commerciality. Regardless of critical assessment of Swift, her work has achieved unmatched mass-market success.
In her latest for Bloomberg Opinion, MI’s Allison Schrager considers whether today’s “winner-take-all” economy—where an industry offers big rewards to a few stars while smaller players struggle to make a living—has disincentivized creative thinking. Achieving wild success in any field requires appeasing gatekeepers with a vested interest in maintaining relative homogeneity within that field. Creatives (or any professional) pushing the bounds of the mainstream with offensive, provocative, or simply unusual work will struggle to reap any meaningful financial rewards,
dis-incentivizing the out-of-the-box thinking that often leads to innovation.
In her latest for Bloomberg Opinion, MI’s Allison Schrager considers whether today’s “winner-take-all” economy—where an industry offers big rewards to a few stars while smaller players struggle to make a living—has disincentivized creative thinking. Achieving wild success in any field requires appeasing gatekeepers with a vested interest in maintaining relative homogeneity within that field. Creatives (or any professional) pushing the bounds of the mainstream with offensive, provocative, or simply unusual work will struggle to reap any meaningful financial rewards,
dis-incentivizing the out-of-the-box thinking that often leads to innovation.
Government interventions, in attempting to artificially allocate resources, actually help fuel inequality.
READ MORE ›
READ MORE ›
| guilt_trip__versailles_avant-garde___kitsch___the_new_criterion.pdf |
RSS Feed