Is Art a Currency? (2019) Hito Steyerl. Save a click: Its worse then a currency, it is a vessel for political ideologies that are aiming to suppress cultural movements that advocate egalitarianism.
[…] as an alternative currency, art seems to fulfill what ether and bitcoin have hitherto only promised. Rather than money issued by a nation and administrated by central banks, art is a networked, decentralized, widespread system of value.
Art is encryption as such, regardless of the existence of a message with a multitude of conflicting and often useless keys. Its reputational economy is randomly quantified, ranked by bullshit algorithms that convert artists and academics into ranked positions, but it also includes more traditionally clannish social hierarchies.
Intellectual perspectives, expanded canons, nontraditional histories will be axed—anything that requires an investment of time and effort instead of conspicuous money. Public support swapped for Instagram metrics. Art fully floated on some kind of Arsedaq. More fairs, longer yachts for more violent assholes, oil paintings of booty blondes, abstract stock-chart calligraphy. Yummy organic superfoods. Accelerationist designer breeding. Personalized one-on-one performances for tax evaders. Male masters, more male masters, and repeat. Art will take its place next to big-game hunting, armed paragliding, and adventure slumming.