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A Proposed Job Swap To Save American Capitalism

Do Wall Street executives deserve big bonuses during hard times? Does increased arts funding have a place in an economic stimulus package? I’ll leave it to others to debate these controversies. Meanwhile I’d like to make a modest proposal to solve some of our economic problems: Let’s do a job swap. We’ll put the corporate executives to work as artists while the artists run Wall Street.

Since their first task will be getting economic markets back on solid footing, I’m convinced that artists have the perfect resumès for their new jobs. Here’s why:

  1. Artists work ridiculous hours for no pay. And most of the artists I know will keep working until they get the job done right.
  2. Artists do not need fancy offices. In fact, they usually work in the worst part of town … until that part of town becomes fancy because the artists are there. Then they have to move because they haven’t paid themselves enough to afford the new rent.
  3. Artists throw everything they earn back into the store – which is why they haven’t paid themselves enough. (I will admit that there was one time I didn’t do this. When I was awarded a MacArthur Fellowship back in 2002, I decided to open my first retirement account. I put the money in “very safe” stock market investments. I would have been better off putting it into my next dance.)
  4. Artists do not need financial incentives. Artists do the work they do because they love it. Or because they believe in it. Or because they think it is a social necessity for our communities. Or because they know when people make poems or pictures or dances, our best human spirits emerge.
  5. Artists do not expect to get anything if they do a bad job. Except maybe a bad review.
  6. No artist gets a bonus because there is never enough money at the end of a project.
  7. Artists keep very tight budgets. They know how to spend the same penny over and over (not by cooking the books, but by pinching, recycling, borrowing, bartering and plowing their economy-airline frequent-flyer miles back into the next project.)
  8. Artists have a rightful reputation for fresh ideas combined with a capacity for self-evaluation that borders on recrimination.
  9. Artists play well with others, having evolved highly efficient collaborative techniques in the service of their visions. But they are also very independent, delivering great things even when they work alone.

Meanwhile, in their new capacities as painters, poets, cellists and choreographers, our Wall Street executives might be experiencing a combination of culture shock therapy and ethical boot camp. Artistic practice may force them to discover what they really believe in, because the combination of introspection, discipline and craft that fuels an artist’s work (oh, and it is work) puts people in a very demanding state of truth. Doing what artists do every day, some might find themselves in overcrowded classrooms, excited to share their practices to help young people discover that they actually can learn. Others might be sparked to help communities solve problems by bridging differences through the unique power of their art forms. Those who have been lucky enough to get funded for their work will likely be staying up nights, filling out multiple forms to prove the exact use of the money they have been granted. All will find their moral compasses tested as they balance the demanding loyalties of pursuing personal vision and creating value for an audience.

The job swap I propose might have a final payoff: With artists in charge of Wall Street, you might even see people donate to the cause because artists know how to inspire others to participate together, to work for something that matters, to build on the intangibles of the human experience, to make a difference.

Imagine that kind of Wall Street.


Choreographer Liz Lerman is founding artistic director of Liz Lerman Dance Exchange in Takoma Park, Md., and a 2002 MacArthur Fellow. Over the next two months her company will be appearing in Ann Arbor, San Francisco, Houston, Bloomington, Burlington, Sapporo, Japan and the rainforest of Guyana.

Original CAN/API publication: March 2009

Comments

Fantastic idea!! I'm ready - let's get started...

Posted by: NineTomatoes [TypeKey Profile Page] at March 5, 2009 09:50 AM

the key is inspiration. why would artists be inspired to save wall street? what is there to save? would wall street execs be inspired to create art? they are motivated by money and there is NO money in the arts. cute idea but really just a moment of amusement.

Posted by: T [TypeKey Profile Page] at March 5, 2009 01:25 PM

This is visionary thinking, and not only because it engages our imagination in a "what-if" scenario that turns conventional thinking about wealth and worth on its head. The kind of thinking involved with the creative process in art trains our minds to see a range of possibilities within a given boundary, to move in new, untried directions without knowing - and ideally, not needing to know - what the outcome will be. Because the stock market crisis is only one aspect of a much larger transition we are all part of right now, as the industrial-age systems and the kind of thinking that produced them reveal their obsolesence. This is a paradigm-shifting time in history, as we go through this period of "maximum stress on natural resources and human ingenuity" according to Harvard University biologist E.O. Wilson. When paradigms shift, when existing systems are burning out as new ones evolve, the old models for success no longer apply. It is always a time of crisis but also a time when many new directions are possible - as when the printing press democratized the printed word. Change is the unique province of creative people, and artists have more experience than anyone in taking an unfamiliar path when the existing ones lead to dead ends.

Posted by: Jude Treder-Wolff [TypeKey Profile Page] at March 5, 2009 06:46 PM

Balderdash. This skirts the real cause of the financial meltdown: Capitalism itself. As if placing it in the hands of 'artists' will somehow make the obscene abstraction of finance capitalism more humane. Funnily enough, the author's appeal to the imagination misses the point and exhibits precisely a lack of imagination. The proposal should be: IMAGINE DOING WITHOUT WALL STREET.

Posted by: Antares Gomez b. [TypeKey Profile Page] at March 10, 2009 06:43 AM

One of the most innovative articles I've read for a long time. Congrats! I've just sent this to my artist friend. However, there is a benefit for the artist going to work for Wall Street. Many artists are not versed in the "art" of business - and as such end up on the "starving" side of life. Maybe spending some time in business will give them some models to take back to the artist's world so that they can get paid what they are worth, and not just what people will pay!

Posted by: composerannie [TypeKey Profile Page] at March 20, 2009 09:14 AM

I think a lot of Wall Street professionals were at one time artists that lost their passion and drowned by greed. Running big business is an art onto itself.

Getting back to artists making good professionals, I am in 100% agreement.

Robin

Posted by: robin [TypeKey Profile Page] at April 7, 2009 10:32 AM

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