His name was Frank La Salle, and he was no FBI agent—rather, he was the sort G-men wanted to drive off the streets, though Sally didn’t learn that until it was far too late. It took 21 months to break free of him, after a cross-country journey from Camden, New Jersey, to San Jose, California. That five-cent notebook didn’t just alter Sally Horner’s own life, though: it reverberated throughout the culture, and in the process, irrevocably changed the course of 20th-century literature.
Category: Culture
Art: Pre-capitalist conspicuous waste?
Felix Salmon :
That’s real money, which, in a working capitalist economy, can and should be spent on productive assets. Instead, it’s being spent on utterly unproductive assets: billions and billions of dollars a year are going, in the name (at least partially) of “investment”, into paintings by long-dead artists. If rich people stopped paying billions of dollars for each others’ art, and started spending that money in the real economy, that would create jobs, growth, and even opportunities for working artists.
The Art Of Investing In Art
Only recently has art investing been viewed through the lens of modern portfolio theory and considered as a potential alternative investment in a portfolio of assets. Though research continues to shed more light on what has been historically an opaque market, studies show that art can offer long-term return potential that is uncorrelated with other asset classes.
The Unexpected Math Behind Van Gogh’s “Starry Night”
$2 Billion and Counting
Daniel Ek, Founder and CEO of Spotify, on Taylor Swift, revenues and the myths about the streaming industry.
He properly nailed it.
It’s not about Spotify and others not paying artists fairly, it’s about fans not willing to pay and play it the old way.
$2 billion, not a bad number.
In the long run how much is worth your favorite CD or your one-time iTunes purchase to the artist compared to decades of playbacks on that same album ?
I betcha my Led Zeppelin IV would be platinum-plated if Spotify existed at that time.
Why link free and paid? Because the hardest thing about selling a music subscription is that most of our competition comes from the tons of free music available just about everywhere. Today, people listen to music in a wide variety of ways, but by far the three most popular ways are radio, YouTube, and piracy – all free. Here’s the overwhelming, undeniable, inescapable bottom line: the vast majority of music listening is unpaid. If we want to drive people to pay for music, we have to compete with free to get their attention in the first place.
