Michael Kaiser: Our Endangered Arts

“His argument goes like this: In economic terms, the arts are playing a losing hand; in almost every other industry, the costs of production are reduced over time, allowing for more goods to be sold at a lower price point. Innovation and commodification contribute to this process, enabling goods to be produced ever-more cheaply and distributed on a vast scale, which in turn allows for the increasing segmentation of consumer markets and real-time adaptation to changing tastes and expectations. Alas, almost none of this is true for the arts.”