The Greatest Economic Challenges of Today’s Arts Essay (Critical Writing)

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Artists encounter numerous challenges whenever there is an economic meltdown. Many societies have become commercial and technological. Such developments continue to affect the future of art. The “excesses associated with art markets arise from these economic challenges” (Corris 9). Corporations, markets, and states have also hijacked the world of art.

This malpractice has resulted in a major economic challenge. Many artists are no longer making money from their works. Our markets dictate the practices and goals of many arts. Artists should analyze every economic pattern affecting their works. This situation has resulted in many artistic practices and ideas. Commentators and media analysts are using new strategies to dictate the future of art. Many artists continue to suffer whenever there is an economic downturn.

New “technological changes promote reproduction and marketing of different works of art” (Alexenberg 32). The practice affects many artists and their works. Governments are closing their galleries and museums because of such unstable economic patterns. Art critics have become influential within the past 50 years (Alexenberg 48).

Artists are no longer benefiting from their works. Artists are unable to produce new works due to such economic conditions. According to Alexenberg (78), “art and economic performance have become inseparable”. The continued commercialization of art will produce unfavorable conditions in the future. Technology is making it easier for people to reproduce different works of art. Such malpractices will affect the welfare of many artists. This economic challenge will also affect many artists.

According to Corris (12), “the status of art in every society should not be based on economic aspects such as monetary value”. The best solution to this challenge is normalizing our art economy. Experts should “consider this practice without salvaging the knowledge, ideals, and values embodied in many markets” (Corris 11).

This approach will ensure our artists produce quality works. The practice will also create new spaces for better practices. The strategy might also devalue the social status of every artist. Artists can “produce new works without looking for social statuses” (Corris 10). The practice will ensure every work of art is successful. The above concept will make it easier for artists to produce and market their works.

Artists should also produce admirable works to their audiences. This knowledge will encourage more artists to embrace the concept of freedom. The concept of freedom is critical towards producing the best works of art. Such works of art will attract more viewers than ever before. Every nation can support its artists using the above strategy. Artists should “discourage the above malpractices because they threaten the future of their creative works” (Alexenberg 87). These approaches will protect our artists from every economic challenge.

The above solution will work after a long time. The current wave of technological change does not seem to support this change. The internet is making it easier for people to share different works of art. The decision to normalize the market might not succeed within the next few years. This sector will always lose whenever there is a recession.

Every society should be ready to appreciate the power and importance of art (Alexenberg 65). Art has an important role to play in every community or country. Art has also become a professional field. The “economics associated with this field explains why many artists are unable to survive today” (Corris 11). The number of artists in the world might reduce in the coming years.

Our society is full of celebrity-ridden and expensive products. Cultural managers “are constantly supporting inappropriate initiatives that can affect our world of art” (Corris 12). This strategy might not succeed within the next few months. Art should remain a social practice in every society. Our “institutions such as universities should support every upcoming artist” (Alexenberg 82). The art market should also stop focusing on profits, economics, and prices. The market should focus on the best ideas and infrastructures in order to support our artists. Societies can embrace the best ideas in order to deal with the above challenge.

Works Cited

Alexenberg, Melvin. Educating Artists for the Future. New York, NY: Intellect Books, 2008. Print.

Corris, Michael. “The Economy of Art.” Art Monthly 327.1 (2009): 9-12. Print.

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IvyPanda. 2020. "The Greatest Economic Challenges of Today's Arts." April 30, 2020. https://ivypanda.com/essays/the-greatest-economic-challenges-of-todays-arts/.

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IvyPanda. "The Greatest Economic Challenges of Today's Arts." April 30, 2020. https://ivypanda.com/essays/the-greatest-economic-challenges-of-todays-arts/.

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