
Content, Culture & the Bottom Line: How Finance is Killing the Avant-Garde
The David McWilliams Podcast
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Cultural Stagnation and Financialization
This chapter analyzes the interplay between culture, economics, and technology, questioning if current artistic stagnation mirrors historical patterns observed during the decline of empires. It highlights the shift in the entertainment industry towards profit-driven models that favor franchises and nostalgia over innovation, illustrating with alarming statistics about declining original content. The discussion emphasizes the critical need for nurturing creativity and fresh ideas in the arts, particularly as financial interests increasingly dominate cultural production.
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