The State of the World: Money and Art Markets

limited access open space

Limited access open space, La Honda Creek, CA (Sept 2012)

A Different Kind of Perspective

I have been an art lover and creator for as long as I can remember. And I’ve been engaged with history, looking at it from all different perspectives for quite some time now.  But art history, art criticism and their effect on the art market? I can take them or leave them. They grab me pretty much the same way my Fidelity Money Market home page grabs me.

To get to my Fidelity account page, I first have to get past the “World Markets” page. Maybe I can change that but I’m not exactly invested in figuring out how to change my home page anymore than I’m interested in figuring out what the Facebook people are up to on my Facebook page.

The World Markets Today, 5/18/13

At the very top of  Fidelity’s world markets list is the United States. No surprise there, though it may be a great surprise to China. I hear we owe them the shirts off our backs. The number ascribed to the United States’ finances on the world markets stage today is 1667.47. What does that mean? Is that the Dow Jones Industrial average? If so, what does it mean? Also linked to the United States (listed immediately below the country’s name) is this: +17.00 (+1.03%). I just want to look at the balance in my little checking account! First though, I need to navigate past this world markets list. Every once in a while I stop and look. Today I look and I wonder.

Down on the list, a little after the United States, comes two Latin American countries, Chile and Mexico. Mexico, at number four, has the number 2742.94 ascribed to it. Is that bad or good? I know that isn’t better than the United States’ world market listing: Although Mexico has 2,742.94 listed next to it, underneath it the numbers read +2.20 (+0.08%).  (The United States’ numbers are +17.00 (+1.03%.)) Listed at number four as it is, it cannot be better than numbers one, two and three – the United States, Canada and Chile – on the list.

Why These Fourteen Countries?

The two Latin American countries on this world markets list are higher up than the Olde World country, Spain, to which they owe their “genesis.” Countries like the one I’m from will never show up on this market exchange. It’s not simply because we are small or that we are New World countries. If that were the case, New Zealand and Singapore wouldn’t be on this list. But they are.

Fourteen countries in all, are on the world markets list. Does the world then, consist of  only these fourteen? Do other places not matter, not exist? Does money in places like India, Argentina, Brazil, South Africa, and Australia, behemoths because of their land mass, not exist?

The most (only?) obscure country on this list is New Zealand. Those of us from the “Third World” must be somewhere on the periphery or totally non-existent. Am I a figment of my own imagination? Are Jamaica, Africa, India, Portugal, and Scotland non-existent? All these places go into making up who I am. So forgive me when I say, “Meh!,” to the world of art history and criticism. They are pretty much like this list of fourteen world markets countries, absurd. The same is true for overpriced art works. (See yesterday’s reblogged article on this issue.) And so, I look askance as I create and define my own art and space in this world.

(The countries listed in order from 1-14 on the world markets list are: USA, Canada, Chile, Mexico, France, Germany, Italy, Spain, United Kindgom, China, Hong Kong, Japan, New Zealand, and Singapore. If one were to buy into what is being said about today’s financial markets, shouldn’t China be the one at the top? Go figure.)

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