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> we need to invest in the intellectual property that artists make, not the artists themselves At first approximation, this sounds like a worse scenario for th
by ssalazar 11y ago
> we need to invest in the intellectual property that artists make, not the artists themselves
At first approximation, this sounds like a worse scenario for the artist.
> Why should we do that? Because it works and its a foundational element of a market economy.
Modern finance has already created a model where music artists are beholden to financiers and middlemen. How and why do you expect this to turn out differently?
- williamcotton 11y agoTyler Cowen wrote an entire book that answers your questions. It is called "In Praise of Commercial Culture". http://www.amazon.com/Praise-Commercial-Culture-Tyler-Cowen/dp/0674001885 http://www.amazon.com/Praise-Commercial-Culture-Tyler-Cowen/... I expect it to turn out differently because the legal and accounting costs for future digital contracts will drop drastically.