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Culture War Roundup for the week of October 24, 2022

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Finally we're seeing the extent of the damage of the Kanye controversy

In the span of a month, Kanye West has destroyed his empire

The losses have cost Ye billions, he says, but he's unfazed. In an Instagram post Thursday, he said, "I lost 2 billion dollars in one day and I'm still alive." The dropoff means West may have fallen out of the billionaires' club. As of Thursday morning, Forbes estimates his net worth is $400 million; the news outlet previously estimated the value of Ye's Adidas deal to be $1.5 billion.

Meanwhile, Gap announced Tuesday that it had shut down YeezyGap.com and was taking immediate action remove those products from stores, saying, "Antisemitism, racism, and hate in any form are inexcusable and not tolerated in accordance with our values."

yup..YeezyGap.com redirects to gap.com

What I don't understand is, how is his wealth being calculated here? Wouldn't Kanye's wealth be a roughly monotonically increasing function , that being his income from his endorsement deals? Losing said deals would not mean he has to forfeit accumulated wealth, just that he stops making any new wealth? So either he was never worth $2 billion or this decline is somehow based on some extrapolation?

From the Forbes link, it looks like an extrapolation : https://www.forbes.com/profile/kanye-west/?sh=515edd0c56f1

Forbes had valued the Adidas deal at $1.5 billion. Without it, West's fortune drops to $400 million.

That seems misleading to say someone is worth something but it's not actually realized

To add, it shows how the mere accusation of racism or antisemitism is the left's superpower. It forces the accused to go on the defense and presumes some guilt. Any nuance or misunderstanding on the accused goes out the window. You can destroy someone's reputation this way even if it was a mistake. As popular as anti-woke sentiment is on twitter ,like Rogan and Musk, it does not matter if the people who hold the levers of power are still, by in large, woke , and and you have to literally be a self-made millionaire to survive said accusations without being completely destroyed career-wise or reputationally. Someone can argue "what Kanye said was really egregious" but people have been cancelled, banned for less and it does not change the automatic presumption of guilt.

One thing I've been thinking about: how will this affect Kanye's acclaim as a music artist? It's already a bit hard to remember all this, but according to acclaimedmusic.net - a website that collects "greatest albums" style lists from various sources and compares them using an algorithm to create a comprehensive greatest artist/album list purportedly showing the critical consensus - Kanye is actually the thirteenth-most appraised popular music artist (or band) of all time, almost as appraised as Elvis, more appraised than, for instance, The Who, Nirvana or U2. Of course one might quibble with this based on their personal preferences, but I for one wouldn't quibble with it too much, clearly Kanye is one of the last artists that has managed to combine formidable album sales in tens of millions with equally formidable critical appraisal, and even though I'm not much into rap music myself, Kanye is one of the few rappers to make albums I've genuinely liked.

...I mean, obviously it will affect it negatively! But how much? Will he be completely struck from greatest artist lists? Will he just get a downgrade - the Pitchforks and Rolling Stones of the world still including My Beautiful Dark Twisted Fantasy in their top 100 albums of the 2010s lists, but around the 70s-80s and with a profuse apology about the problematic latter status of the artist? Will it all just be eventually excused as a phase, an (admittedly long) stretch of mental illness? Maybe everyone will just stop caring about music anyway? It sometimes feels that way, though of course that might just mean I'm getting old and finding more to life than obsessing about pop music.

Rolling Stones being third makes me wonder if they would have been first or even second, had they not bedded underage groupies or if this fact isn't taken into account when their music is rated.

But perhaps such indiscretions are expected of '60s and '70s rock stars and aren't held against them.

But perhaps such indiscretions are expected of '60s and '70s rock stars and aren't held against them.

These lists change as generations of critics do, and today’s critics would surely ding them for this, but their reputations were made prior to this stuff being a significant concern.

Bowie’s fascist-sympathizing period has not really dinged his rep. He was on heroin, then, don’t you know, and besides, he explored gender fluidity and took MTV to task for not featuring black artists.

Bowie’s fascist-sympathizing period has not really dinged his rep.

I'm assuming thats probably in large part because it doesn't really get mentioned much.

Yeah, that's news to me.