News comes of two incredibly principled poets, who, one assumes, fight like anything for their various fees and royalties, withdrawing from the T. S. Eliot poetry prize, because ... oh fie ... it is now sponsored by nvestment management firm Aurum Funds. Oh, oh, oh. Smelling salts someone, please.
The Poetry Book Society negotiated the three-year sponsorship deal with Aurum earlier this year. The deal followed the withdrawal of its Arts Council funding – a move protested by over 100 poets including Carol Ann Duffy and Simon Armitage.TH is a little confused. It would appear that when "such institutions" give money voluntarily to sponsor a poetry competition, that is wrong and evil but if money is extracted from them by the state in the form of taxes and then handed over in the form of subsidy, that is good.
Kinsella told the Bookseller that he "fully" understood why the poetry organisation had looked elsewhere for funding, "given the horrendous way they were treated, but as an anticapitalist in full-on form, that is my position".
"Hedge funds are at the very pointy end of capitalism, if I can put it that way," he added.
Oswald, who pulled her collection Memorial from the prize on Tuesday, believes that "poetry should be questioning not endorsing such institutions".
All one can say is that it is a good thing that people like Leonardo da Vinci or Michelangelo did not think along those lines. Neither did T. S. Eliot, as it happens. He spent a good part of his life working in a bank and then running a publishing firm that made profits.