Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Wednesday, May 1, 2013

The Role of Money and Timing in Culture: The CIA and Abstract Expressionism

Heather Cox Richardson

I have heard talk of the exportation of modern American art during the Cold War as a means of proselytizing, but I’d never considered the mechanics of that propaganda. It seemed to me a wing of art theory, and while that’s a subject that always entertains me, it’s something for which I have very little brain space during the school year.
From Life magazine, August 8, 1949.

A recent article by Frances Stonor Saunders in The Independent explains exactly how the CIA promoted American abstract expressionism worldwide in the 1950s and 1960s. Their goal was to highlight the openness and experimentation possible in America’s capitalist system, contrasting it with the rigid conformity of state-censored socialist realism (some of which, to my Philistinic eye, seems worth looking at even if Soviet state officials thought so, too.) At first, the CIA tried to promote work by Jackson Pollock, Robert Motherwell, Willem de Kooning, and Mark Rothko at home. Quickly, though, abstract expressionism ran into the conformism of the 1950s. Even President Truman announced: “If that’s art, then I’m a Hottentot.”

So CIA operatives set up the Congress for Cultural Freedom, which salted art magazines praising abstract expressionism and sponsored exhibitions that toured European cities. They worked closely with Nelson Rockefeller, president of New York’s Museum of Modern Art (which his mother had founded), to showcase “free enterprise painting.” When museums eager to show the new art could not afford the cost of exhibitions, the CIA tapped American millionaires as ostensible sponsors, then provided the necessary money from government coffers. After World War II, abstract expressionism became the symbol of modern America.

Monday, November 5, 2012

An Election Apart: Harry Truman and the Last Time an Incumbent President Was Strapped for Cash

Philip White




John Trumbull's 1793 portrait of John Adams
In our hyperbole-infected 24/7, anywhere, anytime news cycle, many reporters have become too quick to judge elections in exaggeration. If you believed stories from the Obama-Romney coverage chapter and verse, you’d think this was “the most negative campaign ever.” Never mind that contest between two chaps by the names of Adams and Jefferson, in which Jefferson’s election managers slammed Adams as a "hideous hermaphroditical character, which has neither the force and firmness of a man, nor the gentleness and sensibility of a woman."  Sniping back, Adams’s team dismissed Jefferson as "a mean-spirited, low-lived fellow, the son of a half-breed Indian squaw, sired by a Virginia mulatto father.”

Depending on where your political sympathies lay, you’d also be resolved that Mitt Romney or president Barack Obama were the two most mendacious candidates of any that have vied for the White House. Hmmm. Because political candidates never stretch or bend the truth to further their arguments, of course. Like the time that Al Smith’s detractors took their anti-Catholicism line into comical territory by circulating a photo of Smith dedicating a new tunnel and claiming he was planning to extend the passageway under the Atlantic to Rome, so he could take direct orders from the Pope if he became president.

But one claim about this year’s Obama-Romney face off that is accurate is that it is the most highly funded election in US history, with more than $6 billion dollars flowing into Democratic and Republican coffers, and then out again to pay for TV ads, logistics, calling campaigns and the rest.

This cash-rich election is the opposite of another that I’ve been spending an inordinate amount of time studying lately: The Harry Truman vs. Tom Dewey presidential election of 1948.

Clifford K. Berryman, October 19, 1948
Before we look at the money side, let’s first look at the context of this election. Franklin Delano Roosevelt, who had been president for 12 years, authored the New Deal, forged the historic wartime alliance with Winston Churchill and become an indelible imprint on the nation’s consciousness, died on April 12, 1945. In his place was a man who had been vice president for just 82 days, and was as unlike Roosevelt as was possible. FDR was born into privilege, had been to the best schools, and mixed in the elite East Coast liberal circles, making his ascension to the presidency seem natural and, in some ways, almost pre-destined. In contrast, Harry Truman had been a soldier, a farmer and a failed haberdasher, had never been to college, and preferred to mix with his old friends from Missouri. Yet, with FDR gone, he was now at the helm of the US, which had become an industrial powerhouse during World War II.


Thursday, October 20, 2011

The Brixton Pound and Localism

Philip White

In recent years, there has been a resurgence in localism in the foodie and environmentalist communities in the US, with farmers markets and specialty grocers the beneficiaries of those looking for locally-grown produce sold outside of Wal-Mart and its ilk, which typically favor the cheapest possible foreign fare. The trend makes sense for health reasons – not a shock that peaches from an orchard five miles away are more nutrient-dense and typically less pesticide-afflicted than those shipped from Central America – and for the local economy. Traders such as independent book stores and one-off coffee shops have also benefited from those who’d prefer to patron small businesses with whom they can build long-term relationships, rather than store #7680 of a huge multinational.

However, there is no doubt that “Main Street” as it’s often called here and “The High Street” in the UK has failed to halt the overall decline in number of stores and business volume that arguably began since the advent of the big box stores that accompanied the expansion of suburbia in the 1950s and 1960s.

To help turn the tide, some towns are introducing local currencies that encourage residents and merchants to spend their money with neighboring small businesses. In the US, these and other forms of financial exchange media that became known as “scrip” – including Larkin Merchandise Bonds and Caslow Recovery Certificates – were introduced during the Great Depression to alleviate the challenges caused by lack of cash flow. As many as 5,000 were in circulation by the mid-1930s. More recently, local currencies such as San Francisco’s Bernal Bucks, Great Barrington (Mass.)’s Berkshares and the Ithaca (NY) HOUR (also a payment system for labor there) have promoted local trading. These are typically introduced by groups of business owners and/or private citizens, and are not backed by city, state or federal government.

The latest area-specific currency in the UK is the Brixton Pound (B£) re-launched earlier this month after a more limited first issue in 2009. Several rural English towns, including Lewes, Stroud and Totnes have run similar schemes with mixed results, but Brixton, located in south London, is the first urban area to try it. Rather than replacing the pound, the B£ is a complementary currency, which is supported by the local council but not backed by the government. Companies or individuals can exchange pounds for the local notes in person or by electronically transferring money into the B£ Community Interest Company account, which they can only spend in independent stores within Brixton. For a limited time, those who do so will get a 10 percent bonus. To help publicize the initiative, Brixton notes are embossed with images of local celebrities, such as NBA star Luol Deng, WWII secret agent Violette Szabo and, most notably, David Bowie in his memorable Aladdin Sane album pose.

So what effect will the Brixton Pound have on the local economy and, beyond that, on the lives of those who live there? It’s worth noting that the area has been a hotspot for racial tension in the past 30 years, with riots in 1981, 1985, 1995, and, most recently, this past August. Brixton is blighted by high unemployment, crime and poor relations between the police and residents. So, in one sense, any proactive policy that involves residents in a scheme that boosts pride in their area and engages them with local businesses has to be positive. And organizers are adamant that widespread use will reduce Brixton’s environmental impact. But whether such a plan can truly reinvigorate independent merchants or is merely postponing their demise remains to be seen. What else can local communities do to restore profitability to their ‘Ma and Pa’ shops? How do such schemes fit in with broad-stroke localism/direct democracy plans that would enhance local government while limiting centralized control?