Each day, we get mixed reports on the current financial crisis. Though with frequent intervals, the major world's stock markets close with a plus, to be followed by another day in the minus. A roller coaster ride it is. As economy is not only a matter of money, it is mostly (if not: always) lead by... emotions. The major given for investors to decide whether to invest or to pull out is their trust in the business. A slight hiccup and a profitable business can turn bankrupt almost overnight.
As the news on the crisis goes on, the first waves of redundancies were detected, alas. Economical analysts give their views - sometimes totally contradictory - making them mere fortune-tellers looking at their magic crystal, adding oil on the fire of the said people's emotions.
In such a scenario, we tend to become cautious; keep our purse closed. Not just in the individual households, but also fundraising and sponsoring is visibly affected. Music and arts in general are as if squeezed out even more than before. A logical consequence? Perhaps not: We all know how in 1945 Europe lay in ruins. People's first priority was to survive. Living among rubble, not knowing where to get food to make it to the next day. And yet, in those times it was e.g. that the Salzburg Festspiele was reboosted. The post-war era was the time, where our present-day big-and-famous orchestras were (trans)formed into beacons of fame and wealth.
Fortunately, we are not living in ruins in Europe at this moment, we are just panicky, because financial institution greedily were selling their credits in order to earn their bonusses, found out that in their greed they have uncontrollably created a soap-bubble which has burst now. We will get out of it - in fact, it's their problem to solve it. In the meantime, let us remember what new opportunities were launched just after 1945. Let's try to give arts a new accelleration again. We did it before, and why shouldn't it work now. It's all a matter of emotions.
MS
As the news on the crisis goes on, the first waves of redundancies were detected, alas. Economical analysts give their views - sometimes totally contradictory - making them mere fortune-tellers looking at their magic crystal, adding oil on the fire of the said people's emotions.
In such a scenario, we tend to become cautious; keep our purse closed. Not just in the individual households, but also fundraising and sponsoring is visibly affected. Music and arts in general are as if squeezed out even more than before. A logical consequence? Perhaps not: We all know how in 1945 Europe lay in ruins. People's first priority was to survive. Living among rubble, not knowing where to get food to make it to the next day. And yet, in those times it was e.g. that the Salzburg Festspiele was reboosted. The post-war era was the time, where our present-day big-and-famous orchestras were (trans)formed into beacons of fame and wealth.
Fortunately, we are not living in ruins in Europe at this moment, we are just panicky, because financial institution greedily were selling their credits in order to earn their bonusses, found out that in their greed they have uncontrollably created a soap-bubble which has burst now. We will get out of it - in fact, it's their problem to solve it. In the meantime, let us remember what new opportunities were launched just after 1945. Let's try to give arts a new accelleration again. We did it before, and why shouldn't it work now. It's all a matter of emotions.
MS
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