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 who has also acted in 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 New York. 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?

    • JBonLemmy@lemmy.worldOP
      121·
      1 year ago

      It’s funny you mention that, because there is one new patron in tech who is making waves in NYC: Peter Thiel. The catch is, of course, that everything he finances goes through his ideological filter. And he’s not being particularly generous either.

      Thiel has put money into a series of small zines, a youth focused film festival, a small production company, a few very popular podcasts, and a feature film that just went to Cannes. None of it has made him any money because the target audience of edgy, sexy, artsy 20 somethings have rejected the technofeudalistic dogma that these works promote.

      There was certainly a brief reactionary wave where young artists in LA and NYC rebelled against liberals for Covid restrictions and “corporate wokeness”, but other than the occasional use of slurs, it never materialized beyond aesthetics and all but ended when Roe V Wade was overturned.