Decommodify the 2030 Agenda: Why and How to Finance What Is Not Profitable?

Telma Barrantes-Fernández, Esteban Cruz-Hidalgo (), José Francisco Rangel-Preciado and Francisco Manuel Parejo-Moruno
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Telma Barrantes-Fernández: Faculty of Education and Psychology, University of Extremadura, 06006 Badajoz, Spain
Esteban Cruz-Hidalgo: Faculty of Law, University of Extremadura, 10004 Cáceres, Spain
José Francisco Rangel-Preciado: Faculty of Economics and Business Sciences, University of Extremadura, 06006 Badajoz, Spain
Francisco Manuel Parejo-Moruno: Plasencia University Center, University of Extremadura, 10600 Plasencia, Spain
Authors registered in the RePEc Author Service: José Francisco Rangel Preciado and Esteban Cruz Hidalgo

Sustainability, 2023, vol. 15, issue 5, 1-16

Abstract: The 2030 Agenda serves as a guide for current economic policy. Despite this, the dominant political and economic discourse still relies on the market for success. Incentives are being developed to create business opportunities that align with the sustainable development goals. However, funding for these projects ultimately depends on their potential profitability. As a result, economic growth is seen as a necessary condition for achieving the 2030 Agenda. This approach leaves culture and the arts behind, as they are difficult to commodify. The artist job market highlights the tension between the democratic value of the arts and the values of the capitalist system. This challenge is seen in both the field of cultural economics and in discussions of culture’s role in meeting the 2030 Agenda’s sustainable development goals. To address this, the study proposes incorporating culture into a funding strategy not based on the private market by using the employer of last resort or job guarantee policy for future applications. This will redirect focus from the economic value of the arts to their value for human development, ultimately realizing the goals set by the 2030 Agenda.

Keywords: artistic education; employer of last resort; job guarantee; endogenous money; fiscal and monetary policy coordination; arts; human development; creativity; cultural economics (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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