THE SYDNEY HERALD: CREATIVE BUDS CAN BLOOM IN A RECESSION

Illustration: Rocco Fazzari, The Sydney Morning Herald

There is every reason to think that the next few years could be difficult for some of our biggest arts organisations. Stock shocks and corporate collapses mean declining sponsorship, fewer benefactors and shrinking box-office receipts.

But tough times for arts organisations do not always mean tough times for artists. Times like these remind me that so much of what I find interesting in the arts is the product of the downside of the economic cycle.

Smart artists, smart policy-makers and smart audiences should quickly realise that good cultural policy – like most forms of government policy – is a product of the economic cycle. Read More.