Posts

Showing posts with the label Money

The Banksy Problem

Image
Seven works of Street Art by Banksy are to be auctioned at a London Hotel today. ( See the story ) If you are not into art, or not into street art, should you care?  I think the 'Banksy Problem' is not about art, but about all forms of creativity. It is about 'market' and 'non-market' debate, and the ideas of how to live. Today's story brings out the issues involved in sharp relief. So here is a celebrated, but unknown artist, who would sneak in the middle of the night and create a graffiti. No one really knows what he, or indeed she, thinks about this latest auction. The hypocrisy of the auctioneer is evident: He is not doing it for money, he says, but to save the building owners who are fearful that with a Banksy on their wall, their buildings will be listed Grade 2 (a building of special interest where every effort should be made to preserve them). He further adds that he does not approve of street art, and considers it illegal.  I am wo...

The Gift Economy

When I wrote previously about Business Gifts and Bribes , I believe I took a narrow, almost prudish, stance about what a gift means. In the ensuing years, with more exposure to different cultures, my perspectives have somewhat evolved. If I have to update the essay now, however, I have more materials: A number of American companies struggled with the gift-giving practises in China, a number of executives got fired, anti-bribery act came into force in Britain - in summary, the discussions around gift giving continued to intensify. However, it is possible to argue that treating all gift giving as some sort of bribery is based on a dim view of human nature, which is essentially incorrect. Not all transactions between two individuals are always a commercial transaction: Not even interactions two strangers always have to have a strictly defined purpose. Gift cultures, as opposed to money cultures, underlie many human activities, including what we do on the Internet and what is usually ...