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Originally Posted by demonrail666
I think it's true that it can sustain itself during quite short term recessions (such as we've had in the past few decades) but a long term one (like this one is predicted to be) will prove far harder. Art is often funded by massive corporations who will be under enormous pressure from shareholders and banks to prioritise spending. It's also sure to force collectors to start selling off works at slashed prices as creditors start demanding some of their money back. It's going to affect every area of the art world if the recession really does get as nasty as economists are predicting.
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artists will survive, it's just a matter of waiting it out. There is no difference between any type of employment when an economy is in recession. Less opportunity for everyone and less market growth means less money to go around and people will consume less because of it. Whether they buy less art or buy less ... anything. Government spending wont touch the arts and will pull massive dollars where they can, with budgets already blown out to extremes. The swing voters who are responsible for my own current government will not dig the idea of schools roads and medic losing out at the expense of arts funding, especially so when they don't have a job anymore.
With interdiscipline studies though I do believe there is a lot of opportunity now, especially for cross study and employment for visual arts mixed with applied science streams.
I was going to post a couple of relevant articles but there are so many. Google if it interests you. There is a lot in the way of genetics, mathematics, engineering, computer science... Both visual artists and scientists share a passion for innovation, explanation, and clarity of concept.