As the guilded age came to a close in the 1900s, railroad barons, industrialists and banking kingpins put money into the arts in order to launder their image and legacies. We see no such thing today. Why is that?
I’m an independent film producer in NYC who has previously acted in Hollywood studio films and sold screenplays. I’m also extremely online. I have found that wealthy techies, in general, have little to zero interest in investing in culture. This has been a source of frustration considering the large percentage of new money that comes from the sector.
I’m not alone in feeling this way: I have a friend who raises money for a non-profit theater in Boston, another who owns an art gallery in Manhattan, and another who recently retired at the LA Opera. All have said not to bother with anyone in tech. This has always bummed me out given that I genuinely believed with all of my heart and soul that the internet was going to usher in a new golden age of art, culture, and entertainment. (Yes, I was naive as a kid in the 00s.)
Art and culture can truly only thrive on patronage, especially in times of deep income inequality. Yet there are no Medicis in 2023. So what’s missing here? Where is the disconnect?
In the 1900s, culture was considered a common good. In 2023, all culture is to be torn down to build utopia. Rich folks who want to build a legacy end up sticking their fingers into politics and science instead of art and culture. They’d rather pay for a mob to tear down a statue than to pay an artist to create one.
That being said, the Internet did usher in a new golden age of art, culture, and entertainment. It’s just that it came from the bottom up rather than from the top down. There’s an unlimited amount of cool stuff being created every day, but smaller scale projects funded by regular people.