Oct 13 2006
Madonna’s Madness
Modanna is the epitome of unfocused fortunes. Before TV and Movies, fortunes were built upon what I would call the infrastructure of society, of life. You had the oil barons, steel barons, railroad barons, meat packing barons, etc. But these were industries that became essential and always played a vital, if not contentious, role in the lives of people. Then came the entertainment barons.
TV and Movies allowed a person with some personal talent to become very wealthy because their material could be seen and sold across vast expanses. But this wealth is built for the individual, not for the team or company. This wealth exists as long as the individual draws the attention they need to bring in the bucks, not on accomplishing something that is used as an integral, quiet part of life. Just compare Microsoft and Bill Gates to Madonna. I need to know nothing about Gates to use his (fairly bad) software. I am not saying people who make fortunes do not have a lot in common with entertainers – they do. But there are subtle differences in how they can deal with their success in the long run.
The industry-barons have work to do and can see their success in the continued use of their product or service. And there revenues continue for a long time. They can revel on the impact they had on humankind.
The entertainment-barons do not have this kind of permanence to their success. They can be trapped into being seen through the prism of their one great role or period. They want more after the years start rolling by and they are flush with cash and toys, but no new breaking accomplishments. Some go into a bizarre fantasy world like Michael Jackson. Others take on mankinds largest challenges and become pretend experts on things like Foreign Affairs and run around the world coddling the worst people. But they still strive for attention over substance.
AJ,
“where the wandering rich and famous from the entertainment world try to establish some historic credibility. ”
Good description of our popular culture.
Pretty apt analysis here, Strata. But you left out a quite
apropos criticism of the “deal leader” you so glowingly esteem, as he
seems to accept one Bono’s expertise on international economics.
as related to Africa.
And at various galas has expressed his celebrity cult admiration,
many of these far from conservative.
And Bill Gates could do a better job retraining eg, 50 year old loyal
employees, as corporations used to, rather than import
Pakis and Indians for a third of the salary.