Comment by coldtea
6 hours ago
>That's like say a band getting an advance to record their album should be illegal.
It should.
>Without access to people with money now a lot of it wouldn't get made.
So be it.
>The other results is art made by those who don't need it, purely made by amateurs, grant funded art, or socially funded art.
Sounds amazing.
We don't need to go with the default vanilla options that are passed as inevitable...
>> That's like say a band getting an advance to record their album should be illegal.
> It should.
Mortgages and car loans can be seen as advances on future income.
Insurance is a way to split a risk from a property. For example, if I own a house there’s a risk it burns down. With fire insurance, you keep the house, but the insurer takes on the risk, in exchange for a fee.
Why shouldn’t a band be permitted to do something similar, getting money now in exchange for future income and, at the same time, transferring the risk of their future product being a flop to a third party?