4 ms·
I don't think this is anywhere near as obvious as you make out. Film is an odd example, given that the films that lay claim to being great works of art (e.g, Ko
by Emma_Goldman 5y ago
I don't think this is anywhere near as obvious as you make out. Film is an odd example, given that the films that lay claim to being great works of art (e.g, Koyaanisqatsi, Wild Strawberries, The Battle of Algiers) are rarely the most popular and highest-grossing films (e.g., Transformers, Avengers, Toy Story). We usually mean something by 'greatness' quite different from 'popular'.
Even if we just focus on popularity (i.e., first-order preference satisfaction), money is a very rough proxy for it:
1. Lots of profitable activities, once you price-in their externalised social costs, are net negative. Given the scale of the climate and ecological crisis, that is very far from a marginal phenomenon. Ecological economists like Herman Daly argue that once ecological costs are included in the national accounts, we are running a GDP loss.
2. Some commodities are instrumentally necessary but intrinsically negative. Many people acknowledge that social media is a net negative, but use it anyway because it helps build their profile and career. Market dynamics often transform intrinsically positive activities into merely instrumentally necessary activities, e.g., the marketisation of academia means researchers spend their whole career optimising for maximum articles and grants, not great work.
3. Market demand reflects the stratified incomes of people around the world. Markets are therefore heavily skewed in favour of the interests of the rich.
4. Market exchanges which are mutually beneficial for the transacting parties often have unintended effects in the aggregate, sometimes negative, e.g., no one wants Facebook to be a monopoly, and no individual makes it so, but it is the aggregate consequence of people joining Facebook.