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Creative Extraction: Why are Art Schools at the Vanguard of Unreasonable Debt Burdens?

A Conversation with Coco Fusco at Momenta Art
Organized by Occupy Museums
Friday, December 5, 2014, 6-8pm

​In recent years, we have witnessed many art school graduates snared into unpayable debt traps through the skyrocketing tuitions paired with low earning potential. Debtfair by Occupy Museums, currently on view in the exhibition Work It Out, is a proposal for an alternative art fair that aims to alleviate the debt crisis in the Art World. While proposing a solution based on solidarity, Debtfair also examines the interconnections that exist between student debt, exploitative labor conditions in the art industry, and alliances between the art market and multinational banks and corporations.
 
How does the “Art World,” whether willingly or unwittingly, take part in an inter-connected web of globalizing neo-liberal economy? While the Art World frolics amid the markets of the Miami Basel Art Fairs, Occupy Museums invites artist and educator, Coco Fusco to introduce a less glamorous section of the Art World: an art education complex paralleled with global practices of labor exploitation, predatory lending, and the privatization of culture. We will discuss broader ranges of oppressive practices, including tuition hikes, predatory lending to students, and the increasing precariousness of faculty positions that parallels other service-labor.

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October 24

Work It out

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November 20

Debtfair: Houston