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View Diary: They take our money, shutter our museums: what next? (33 comments)

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  •  I want governments not to be liberal.... (0+ / 0-)

    ...with "credit" (tax dollars) to for-profit companies who, by their own hand, brought about their near-collapse.

    A bank would loan a museum money if it thought it was a good risk, simple as that.

    While I don't disagree that museums could/should get money from private donors, I disagree that governments should not be in the business of financially supporting a museum. A museum adds to the quality of life and desirability of living in a city; thus, a museum makes a city more in-demand. Thus, it is in a local government's best interest to help finance its museum. Governments (local, state, federal) give all kinds of tax breaks to for-profit businesses for the very reason that a healthy business in a city will make the city itself a more financially healthy place to live.  

    Also, it does not matter that the original "purpose" of a museum was not to provide jobs and tourist dollars (as QMEB states).  The fact is, when financial times are OK or are good, museums do bring money to the city where it is located.

    •  You make a sound ethical point about banks... (0+ / 0-)

      ...that have been bailed-out, but it may not be a sound economic point.  Economics may, in fact, pull in the opposite direction: once we put money into a bank, we'd like the bank to operate conservatively so we don't have to put any more into it, and so we stand a better chance of getting back what we put in.  So the dynamics are a little weird and not necessarily progressive.

      The most impressive thing about man [...] is the fact that he has invented the concept of that which does not exist--Glenn Gould

      by Rich in PA on Mon Nov 15, 2010 at 11:01:49 AM PST

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      •  Well, I'd say this: (0+ / 0-)

        once we put (taxpayer) money into a bank, we've given up the notion of free-market capitalism. And once we've done that, we're fucked.

        As I look around at Main Street (and read any of bobswerms diaries), it's obvious to me:  the government wants the rich to get richer and the middle class to shrink and the lower class to grow.

        And so to squeeze words out of your quote we have:  "Once we put money into a bank....the dynamics are a little weird and not necessarily progressive."  

    •  Never said (0+ / 0-)

      governments should not be in the business of supporting museums - or public transportation systems. I did say that maybe government should not have been in the business of supporting the production of wealth through siphoning off capital from not-for-profits. Because that's where this particular crisis originated, in bond swaps involving the not-for-profit status of the cultural institutions as a form of capital. No different than tax-deductible mortgage payments.

      As to your last par. The fact is, museums were never the great business deal they were made out to be. Read Museum, Inc. It was published ten years ago, at the height of the so-called boom.

      Must. Crush. Capitalism. Grrr.

      by Quill Mike Eat Brains on Mon Nov 15, 2010 at 11:04:15 AM PST

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