Indonesia’s creative industry making waves as artists, musicians and developers shine globally
Hariz Baharudinstraitstimes.com
Indonesia’s creative industry making waves as artists, musicians and developers shine globally
The creative industries literature also drew on postwar knowledge about the flexible creative personality to make the hip freelancer or independent studio artist, rather than the unionized musician or actor who had been at the heart of the cultural industries, the star of this new economy.
Samuel W. Franklin • The Cult of Creativity: A Surprisingly Recent History
These emergent digital economies are facilitating dramatic wealth accumulation for a small few and supplemental earnings for a great many. They are the new ladders and ledges being created to replace the elevators that have been destroyed. They are, however, only accessible to those with the relevant skills and education. Many will be left behind.
L'Atelier • Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
Nowhere is this more clearly evident than software. Software is pure information — just 1s and 0s — but creating that information creates huge amounts of value. Software products alone are about 1.3% of world GDP, and the digital economy overall is over 15% of GDP.
Noah Smith • The Metaverse and (near-)infinite economic growth
There’s little doubt that a fundamental economic restructuring is underway. There will be winners and there will be losers.
Thomas Vander Wal • The Connected Company
The music industry’s motivations to embrace gamification are arguably more financial than cultural: Newzoo estimates that the gaming industry generated over $175 billion in revenue in 2020, whereas official figures for the music recording and publishing sectors sum up to only around $27 billion in the same time period.