amirmir
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- Apr 17, 2021
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I don't get the meaning of "solvent markets" in the following paragraph. Can anyone help?
One is the extension of solvent markets, which has increased both the pool of rewards and the competition for “star talent”. A small business elite has been catapulted upwards, surfing on the soaring stock markets that were sustained by the lifting of controls on capital movements in the l980s and the expansion of transnational investment, and profiting from the emergence of a global executive and professional market. A similar phenomenon has occurred in sports and entertainment (something that is increasingly discussed in apologetics for inequality); commercial television and satellite broadcasting have transformed the economics of sports and entertainment in general, while hugely expanded audiences widen the visibility and attraction of stars, augment the remuneration pool and increase profits. Entertainment capitalism and stardom symbiotically feed off each other.
Source: https://www.eurozine.com/the-killing-fields-of-inequality/
One is the extension of solvent markets, which has increased both the pool of rewards and the competition for “star talent”. A small business elite has been catapulted upwards, surfing on the soaring stock markets that were sustained by the lifting of controls on capital movements in the l980s and the expansion of transnational investment, and profiting from the emergence of a global executive and professional market. A similar phenomenon has occurred in sports and entertainment (something that is increasingly discussed in apologetics for inequality); commercial television and satellite broadcasting have transformed the economics of sports and entertainment in general, while hugely expanded audiences widen the visibility and attraction of stars, augment the remuneration pool and increase profits. Entertainment capitalism and stardom symbiotically feed off each other.
Source: https://www.eurozine.com/the-killing-fields-of-inequality/
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