Earlier quoted context omitted.
It's just that Patreon is financial agnostic. We need to treat these investments like fungible capital goods. And we need to invest in the intellectual property that artists make, not the artists themselves. Why should we do that? Because it works and its a foundational element of a market economy. We're capable of much more than a simplistic patron model. That's how things were financed in the middle ages. We've got…
> we need to invest in the intellectual property that artists make, not the artists themselves At first approximation, this sounds like a worse scenario for the artist. > Why should we do that? Because it works and its a foundational element of a market economy. Modern finance has already created a model where music artists are beholden to financiers and middlemen. How and why do you expect this to turn out different…
http://www.amazon.com/Praise-Commercial-Culture-Tyler-Cowen/...
I expect it to turn out differently because the legal and accounting costs for future digital contracts will drop drastically.