Nick,
It's a good point you make, but a banker does not necessarily understand a culture market just because s/he is in the money business.
Yes, we might be able to learn from them, but we cannot afford the high risk strategies that make the big money in the financial world. And we have different priorities. The financiers do not have all the answers. If they did, the question financing public culture would have been sorted out by now.
We certainly need to talk about it. We need to think about the possibility of doing things differently (and by that, I do not mean selling off collections).
I would love to see more communication between bankers and culture professionals - but on a basis on trying to understand each other, rather than one trying to tell the other how to run their business.
A multi-disciplinary approach would probably help to solve the issues much more effectively.
Best wishes,
Janet
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