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How Capitalism Incentivizes the Destruction of Art


Capitalism is supposed to encourage innovation. But in Hollywood, studios are creating a narrower range of films to avoid taking any risk at all.

Wile E. Coyote is a famously loyal customer of Acme Corporation, producers of nitroglycerine, bird seed, giant rubber bands, explosive tennis balls, do-it-yourself tornado kits, and jet-propelled pogo sticks. The studios are, generally, less interested in being producers and distributors of original films—of maintaining the cultural importance of movies—than hoarding and exploiting existing intellectual property, pumping out sequels, spin-offs, and reboots for a couple of hundred million dollars a pop. What we need is a modern version of the Paramount Decision: we need a Department of Justice that will go after the monopolistic practices of the media conglomerates, from intellectual property hoarding to, as in Coyote vs. Acme ’s case, preventing cancelled projects from being sold to other distributors.

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