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Culture & Religion

The Bilbao Effect

Can investment in the arts be justified as a solution to the economic crisis? No, writes Prospect Magazine, and the illusion that it can or should devalues the arts’ role in society.
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Can investment in the arts be justified as a solution to the economic crisis? No, writes Prospect Magazine, and the illusion that it can or should devalues the arts’ role in society. “The arts are certainly crucial to the cultural health and prestige of a successful city, region or nation. But to expect an arts centre or festival to be the primary trigger of regeneration has been the fallacy of a generation.”


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