Interesting topic. Art is a funny industry, its a industry that doesn't really return $ for the $ invested but its something society needs, which is really the crux of the issues. Bankng and engineering can show and backup their requests because they can offer a monetary return and art can't. Art also isn't one of those industries that can stand on their own unlike businesses like banking, engineering, production etc; and its qualitative value can only be understood by a small portion of those that have money, and arts-appreciators that aren't in the upper class.
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