Monopoly Capitalism + Modernism

“The charisma of the art star is subject to an overdeveloped bureacratism. Careers are “managed.” Innovation is regularized, adjusted to the demands of the market. Modernism, per se (as well as the lingering ghosts of bohemianism), is transformed into farce, into a professionalism based on academic appointments, periodic exposure, lofty real estate speculation in the former factory districts of decaying cities, massive state funding, jet travel, and increasingly ostentatious corporate patronage of the arts.

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This last development represents an attempt by monopoly capital to “humanize” its image for the middle-managerial and professional subclasses (the vicarious consumers of high culture, the museum audience) in the face of an escalating legitimation crisis.” - Allan Sekula

Some Evidence .