Sure partially, that is working well too, but there are many things in arts and sciences that have long-term societal value and don't perform well in markets.
That's the whole reason why subsidies are a thing, and they are extremely effective for all kinds of common good. Indeed, that's the whole point of governments generally, to enforce the common good that falls through the cracks of market dynamics (and well, to ensure a fair market in the first place).
That's the whole reason why subsidies are a thing, and they are extremely effective for all kinds of common good. Indeed, that's the whole point of governments generally, to enforce the common good that falls through the cracks of market dynamics (and well, to ensure a fair market in the first place).