WNC arts make economic and cultural sense
Join the discussion below, or Read more at Asheville Citizen-Times.
#1 Apr 17, 2009
I love our areas arts & crafts and I agree that WNC should support them.
But agreement and support does not justify ignoring unpleasant money truths and realities, or citing studies that cherry-pick economic data.
The $84 million in increased impact since 1995 thats cited reflects the economic bubbles that we all know have since burst and which were unsustainable.
All revenue growth data from the bubble era shows jaw-dropping increases for almost any sector; heck even GM can present cherry-picked data showing America's "love" of their products increasing wildly from 1995 to say 2006. But we all know what has happened SINCE the bubbles burst.
Any business still relying on bubble data will soon be a dead business.
Will the ACT see the not-so-fine line between independent journalism v. utter boosterism? Staying blind to new long-term economic realities wont help WNCs economy or artisans. There's less bubble money to spend because most bubbles have burst. That $200+ million in 'economic impact' based on a 'multiplier-effect' is history! Gone! Just as are GM impressive sales figures at the height of the bubble.
Thankfully most hard-working artisans and crafts folks realize this even if the ACT can bear to utter such truths.
Add your comments below
|Walmart chicks||Nov 15||Poomba||1|
|Any good reasons to move to Mooresboro? (Nov '09)||Nov 6||Alot happier||8|
|Who do you support for U.S. House in North Caro... (Oct '10)||Nov '16||404 error||34|
|Vote for Donald JTrump||Oct '16||MAGA||1|
|2 dead, 2 injured in weekend shootings (May '06)||Oct '16||ping ping ping||2|
|Walmart parking lot sex||Sep '16||Poomba||1|
|looking for siblings with last name Grace||Sep '16||connie Liverett||1|
Find what you want!
Search Forest City Forum Now
Copyright © 2016 Topix LLC