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 in NYC who has previously acted in Hollywood 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 Manhattan, 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?
I have been around some of the tech elite you’re referring to, and I propose that the disconnect arises because Silicon Valley uniquely revolves around Scale (how many people you can reach) and Impact (how big a dent you can leave in the universe). It’s impossible to overstate how ingrained it is in the culture, and it is very explicit when you talk to folks at Bill & Melinda Gates Foundation for example: the ability to measure and prove the impact of your project is as important as the project itself.
I admit to being a member of this culture, if not wealthy.
To me, the types of art you mention - art galleries and live theater being good examples - are extremely limited in serving relatively small populations concentrated in city centers where there already is a lot of culture. The generation that created the Internet is, for better or worse, much more interested in bigger investments that can reach everyone on the planet and hopefully improve lives in some measurable and long lasting way.
I’m sure the wealthy here in California contribute to the local arts community just like anywhere else. But there is no equivalent in the arts to curing polio worldwide or giving every child access to the Internet, so I don’t personally disagree with prioritizing these agendas in a coordinated way.