It’s not complicated at all:
When you put your money in a bank, you hope for some interest back on it. It’s an investment. When you put money into a business, you hope for a dividend. It’s an investment. When you pay your tax, you hope the local A and E department will save your life. It’s an investment. When your firm spends money training new recruits – you expect them to work for you. It’s an investment. Yet art is still ‘it’s own reward’ and it’s funding is, literally, ‘a lottery’ – or else relies on some outmoded C.19 system of ‘patronage’. We can do much better.
Through the mechanisms of intellectual property rights, licensing, equity shares, crowd-funding and guided donation, it is possible to create some residual benefit when a piece of work ‘hits the big-time’ or even has just a small amount of success and to recycle some of that success back into the grass roots from which it grew and to strengthen these roots in order to grow, knit, weave, sing louder, write better, make new work… etc.
This is what #culturebanking proposes to do. Everyone had a ‘grass-root’. What organisations like the Arts Council and others are now asking (via #64millionartists) more than ever before is:
How can we do this?
#culturebanking – have your say….