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friday, august 16
The real power of art

A property developer behind the revival of SoHo and now DUMBO in New York, asked about his strategy. "I follow the artists." But why should the evil capitalists be the ones who make most of the profit, when the artists are the ones who set the market? Here's a way for artists to capture more of the value they create. Form a cooperative, and agree to move en masse to a new district. Then give a list of half a dozen possible locations to local property owners, and take bids. This would be a free-market version of the relocation support that cities give to attract blue-chip company headquarters. Think of the art itself as a loss-leader.


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