The growing popularity of the “Bowie” bond — a security backed by royalties — may sound strange, but it’s nothing new. In treating songs like annuities, capitalists prove once again that nothing is too sacred, or silly, to be commodified.

The growing popularity of the “Bowie” bond — a security backed by royalties — may sound strange, but it’s nothing new. In treating songs like annuities, capitalists prove once again that nothing is too sacred, or silly, to be commodified.

  • Da Oeuf@slrpnk.netEnglish
    2·
    22 days ago

    Yes, in a purely free and meritocratic market it would. But the reality is that whoever has the most capital to invest in a release skews the market in their favour by getting a bigger share of finite attention/exposure, whether that’s radio plays or playlist placements.

    Free market capitalism is an oxymoron and a failure in its own terms, not just in the arts but across the board. And there will be no music on a dead planet.